Regarding proper ethical guidelines, which (if any) of the following is correct?
A)The use of client estimates in preparing a return is not 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

None of these options are entirely correct. The use of client estimates may be acceptable in certain circumstances, such as when a client's records are incomplete. Questions on a tax return should be answered to the best of the preparer's ability, but leaving a question blank is acceptable in some situations. If a client refuses to correct a prior year's return, the preparer should discuss the potential consequences but may not need to withdraw from the engagement. The appearance of greater certainty should not be prioritized over accurate reporting of the deductible amount. Ultimately, ethical guidelines require a case-by-case evaluation of the situation and consultation with governing bodies and ethical codes.

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