Regarding proper ethical guidelines, which (if any) of the following is correct?
A) The use of client estimates in preparing a return may be acceptable.
B) Under no circumstances should a question on a tax return be left unanswered.
C) If a client has made a mistake in a prior year's return and refuses to correct it, you should withdraw from the engagement.
D) If the exact amount of a deduction is not certain so as to increase the appearance of greater certainty.
E) None of the above.

Question

Quizplus · Accepted Answer

The use of client estimates may be acceptable as long as the preparer has a reasonable basis for relying on them and discloses their use on the return. However, the other options listed are incorrect. Leaving a question unanswered is not necessarily unethical if there is a valid reason for doing so, and in the case of a mistake on a prior year's return, the preparer should advise correction but is not required to withdraw from the engagement. Additionally, intentionally misrepresenting or manipulating the amount of a deduction is unethical.

Regarding Proper Ethical Guidelines, Which (If Any) of the Following