AUD 2 Professional Responsibilities and Ethics 7 Flashcards

Question 1

Q

Tax Services (TS)

Statements on Standards for Tax Services (TS) guide a member in the performance of t__ services, which include recommending a t__ position to a client or preparing or signing a client’s t__ return.

Answer

A

Tax Services (TS)

Statements on Standards for Tax Services (TS) guide a member in the performance of tax services, which include recommending a tax position to a client or preparing or signing a client’s tax return.

Question 2

Q

Tax Services (TS)

Statements on Standards for Tax Services (TS) guide a member in the per________ of tax services, which include recommending a tax position to a client or preparing or signing a client’s tax return.

Answer

A

Tax Services (TS)

Statements on Standards for Tax Services (TS) guide a member in the performance of tax services, which include recommending a tax position to a client or preparing or signing a client’s tax return.

Question 3

Q

Tax Services (TS)

Statements on Standards for Tax Services (TS) guide a member in the performance of tax services, which include re_________ing a tax position to a client or preparing or signing a client’s tax return.

Answer

A

Tax Services (TS)

Statements on Standards for Tax Services (TS) guide a member in the performance of tax services, which include recommending a tax position to a client or preparing or signing a client’s tax return.

Question 4

Q

Tax Services (TS)

Statements on Standards for Tax Services (TS) guide a member in the performance of tax services, which include recommending a tax position to a client or pre___ing or signing a client’s tax return.

Answer

A

Tax Services (TS)

Statements on Standards for Tax Services (TS) guide a member in the performance of tax services, which include recommending a tax position to a client or preparing or signing a client’s tax return.

Question 5

Q

Tax Services (TS)

Statements on Standards for Tax Services (TS) guide a member in the performance of tax services, which include recommending a tax position to a client or preparing or s___ing a client’s tax return.

Answer

A

Tax Services (TS)

Statements on Standards for Tax Services (TS) guide a member in the performance of tax services, which include recommending a tax position to a client or preparing or signing a client’s tax return.

Question 6

Q

Tax Services (TS)

Statements on Standards for Tax Services (TS) g____ a member in the performance of tax services, which include recommending a tax position to a client or preparing or signing a client’s tax return.

Answer

A

Tax Services (TS)

Statements on Standards for Tax Services (TS) guide a member in the performance of tax services, which include recommending a tax position to a client or preparing or signing a client’s tax return.

Question 7

Q

Tax Services (TS)

Statements on Standards for Tax Services (TS) guide a member in the performance of tax services, which include recommending a tax position to a client or preparing or signing a client’s tax return.

The practitioner should determine and comply with standards established by the applicable tax au_____y for recommending tax return positions or preparing or signing tax returns.

Answer

A

Tax Services (TS)

Statements on Standards for Tax Services (TS) guide a member in the performance of tax services, which include recommending a tax position to a client or preparing or signing a client’s tax return.

The practitioner should determine and comply with standards established by the applicable tax authority for recommending tax return positions or preparing or signing tax returns.

Question 8

Q

Tax Services (TS)

The practitioner should de_____e and comply with standards established by the applicable tax authority for recommending tax return positions or preparing or signing tax returns.

Answer

A

Tax Services (TS)

The practitioner should determine and comply with standards established by the applicable tax authority for recommending tax return positions or preparing or signing tax returns.

Question 9

Q

Tax Services (TS)

The practitioner should determine and com___ with standards established by the applicable tax authority for recommending tax return positions or preparing or signing tax returns.

Answer

A

Tax Services (TS)

The practitioner should determine and comply with standards established by the applicable tax authority for recommending tax return positions or preparing or signing tax returns.

Question 10

Q

Tax Services (TS)

The practitioner should determine and comply with st________s established by the applicable tax authority for recommending tax return positions or preparing or signing tax returns.

Answer

A

Tax Services (TS)

The practitioner should determine and comply with standards established by the applicable tax authority for recommending tax return positions or preparing or signing tax returns.

Question 11

Q

Tax Services (TS)

The practitioner should determine and comply with standards es______ed by the applicable tax authority for recommending tax return positions or preparing or signing tax returns.

Answer

A

Tax Services (TS)

The practitioner should determine and comply with standards established by the applicable tax authority for recommending tax return positions or preparing or signing tax returns.

Question 12

Q

Tax Services (TS)

The practitioner should determine and comply with standards established by the applicable tax authority for re________ing tax return positions or preparing or signing tax returns.

Answer

A

Tax Services (TS)

The practitioner should determine and comply with standards established by the applicable tax authority for recommending tax return positions or preparing or signing tax returns.

Question 13

Q

Tax Services (TS)

The practitioner should determine and comply with standards established by the applicable tax authority for recommending tax return po_____s or preparing or signing tax returns.

Answer

A

Tax Services (TS)

The practitioner should determine and comply with standards established by the applicable tax authority for recommending tax return positions or preparing or signing tax returns.

Question 14

Q

Tax Services (TS)

The practitioner should determine and comply with standards established by the applicable tax authority for recommending tax return positions or pre___ing or signing tax returns.

Answer

A

Tax Services (TS)

The practitioner should determine and comply with standards established by the applicable tax authority for recommending tax return positions or preparing or signing tax returns.

Question 15

Q

Tax Services (TS)

The practitioner should determine and comply with standards established by the applicable tax authority for recommending tax return positions or preparing or si__ing tax returns.

Answer

A

Tax Services (TS)

The practitioner should determine and comply with standards established by the applicable tax authority for recommending tax return positions or preparing or signing tax returns.

Question 16

Q

Tax S_______s (TS)

Statements on Standards for Tax Services (TS) guide a member in the performance of tax services, which include recommending a tax position to a client or preparing or signing a client’s tax return.

The practitioner should determine and comply with standards established by the applicable tax authority for recommending tax return positions or preparing or signing tax returns.

Answer

A

Tax Services (TS)

Statements on Standards for Tax Services (TS) guide a member in the performance of tax services, which include recommending a tax position to a client or preparing or signing a client’s tax return.

The practitioner should determine and comply with standards established by the applicable tax authority for recommending tax return positions or preparing or signing tax returns.

Question 17

Q

Tax Services (TS)

TS establish m______m standards for recommending a tax position or preparing or signing a tax return for those jurisdictions that either do not have formal standards or have standards that are not as strict as those imposed by TS.

Answer

A

Tax Services (TS)

TS establish minimum standards for recommending a tax position or preparing or signing a tax return for those jurisdictions that either do not have formal standards or have standards that are not as strict as those imposed by TS.

Question 18

Q

Tax Services (TS)

TS establish minimum s________s for recommending a tax position or preparing or signing a tax return for those jurisdictions that either do not have formal standards or have standards that are not as strict as those imposed by TS.

Answer

A

Tax Services (TS)

TS establish minimum standards for recommending a tax position or preparing or signing a tax return for those jurisdictions that either do not have formal standards or have standards that are not as strict as those imposed by TS.

Question 19

Q

Tax Services (TS)

TS establish minimum standards for re________ing a tax position or preparing or signing a tax return for those jurisdictions that either do not have formal standards or have standards that are not as strict as those imposed by TS.

Answer

A

Tax Services (TS)

TS establish minimum standards for recommending a tax position or preparing or signing a tax return for those jurisdictions that either do not have formal standards or have standards that are not as strict as those imposed by TS.

Question 20

Q

Tax Services (TS)

TS establish minimum standards for recommending a tax po_____n or preparing or signing a tax return for those jurisdictions that either do not have formal standards or have standards that are not as strict as those imposed by TS.

Answer

A

Tax Services (TS)

TS establish minimum standards for recommending a tax position or preparing or signing a tax return for those jurisdictions that either do not have formal standards or have standards that are not as strict as those imposed by TS.

Question 21

Q

Tax Services (TS)

TS establish minimum standards for recommending a tax position or pre___ing or s___ing a tax return for those jurisdictions that either do not have formal standards or have standards that are not as strict as those imposed by TS.

Answer

A

Tax Services (TS)

TS establish minimum standards for recommending a tax position or preparing or signing a tax return for those jurisdictions that either do not have formal standards or have standards that are not as strict as those imposed by TS.

Question 22

Q

Tax Services (TS)

TS establish minimum standards for recommending a tax position or preparing or signing a tax return for those ju_______ns that either do not have formal standards or have standards that are not as strict as those imposed by TS.

Answer

A

Tax Services (TS)

TS establish minimum standards for recommending a tax position or preparing or signing a tax return for those jurisdictions that either do not have formal standards or have standards that are not as strict as those imposed by TS.

Question 23

Q

Tax Services (TS)

TS establish minimum standards for recommending a tax position or preparing or signing a tax return for those jurisdictions that either do not have for___ standards or have standards that are not as strict as those imposed by TS.

Answer

A

Tax Services (TS)

TS establish minimum standards for recommending a tax position or preparing or signing a tax return for those jurisdictions that either do not have formal standards or have standards that are not as strict as those imposed by TS.

Question 24

Q

Tax Services (TS)

TS establish minimum standards for recommending a tax position or preparing or signing a tax return for those jurisdictions that either do not have formal standards or have standards that are not as st____ as those imposed by TS.

Answer

A

Tax Services (TS)

TS establish minimum standards for recommending a tax position or preparing or signing a tax return for those jurisdictions that either do not have formal standards or have standards that are not as strict as those imposed by TS.

Question 25

Q

Tax Services (TS)

• The practitioner should not re________ a position or prepare or sign a tax return

taking a position that the practitioner does not have a good faith belief that has substantial authority

in favor of its being sustained on the basis of the merits of the position.

Answer

A

Tax Services (TS)

• The practitioner should not recommend a position or prepare or sign a tax return

taking a position that the practitioner does not have a good faith belief that has substantial authority

in favor of its being sustained on the basis of the merits of the position.

Question 26

Q

Tax Services (TS)

• The practitioner should not recommend a position or pre____ or s___ a tax return

taking a position that the practitioner does not have a good faith belief that has substantial authority

in favor of its being sustained on the basis of the merits of the position.

Answer

A

Tax Services (TS)

• The practitioner should not recommend a position or prepare or sign a tax return

taking a position that the practitioner does not have a good faith belief that has substantial authority

in favor of its being sustained on the basis of the merits of the position.

Question 27

Q

Tax Services (TS)

• The practitioner should not recommend a position or prepare or sign a tax return

taking a position that the practitioner does not have a g____ faith belief that has substantial authority

in favor of its being sustained on the basis of the merits of the position.

Answer

A

Tax Services (TS)

• The practitioner should not recommend a position or prepare or sign a tax return

taking a position that the practitioner does not have a good faith belief that has substantial authority

in favor of its being sustained on the basis of the merits of the position.

Question 28

Q

Tax Services (TS)

• The practitioner should not recommend a position or prepare or sign a tax return

taking a position that the practitioner does not have a good faith be____ that has substantial authority

in favor of its being sustained on the basis of the merits of the position.

Answer

A

Tax Services (TS)

• The practitioner should not recommend a position or prepare or sign a tax return

taking a position that the practitioner does not have a good faith belief that has substantial authority

in favor of its being sustained on the basis of the merits of the position.

Question 29

Q

Tax Services (TS)

• The practitioner should not recommend a position or prepare or sign a tax return

taking a position that the practitioner does not have a good faith belief that has substantial au______y

in favor of its being sustained on the basis of the merits of the position.

Answer

A

Tax Services (TS)

• The practitioner should not recommend a position or prepare or sign a tax return

taking a position that the practitioner does not have a good faith belief that has substantial authority

in favor of its being sustained on the basis of the merits of the position.

Question 30

Q

Tax Services (TS)

• The practitioner should not recommend a position or prepare or sign a tax return

taking a position that the practitioner does not have a good faith belief that has substantial authority

in favor of its being su_______ed on the basis of the merits of the position.

Answer

A

Tax Services (TS)

• The practitioner should not recommend a position or prepare or sign a tax return

taking a position that the practitioner does not have a good faith belief that has substantial authority

in favor of its being sustained on the basis of the merits of the position.

Question 31

Q

Tax Services (TS)

• The practitioner should not recommend a position or prepare or sign a tax return

taking a position that the practitioner does not have a good faith belief that has substantial authority

in favor of its being sustained on the ba___ of the merits of the position.

Answer

A

Tax Services (TS)

• The practitioner should not recommend a position or prepare or sign a tax return

taking a position that the practitioner does not have a good faith belief that has substantial authority

in favor of its being sustained on the basis of the merits of the position.

Question 32

Q

Tax Services (TS)

• The practitioner should not recommend a position or prepare or sign a tax return

taking a position that the practitioner does not have a good faith belief that has substantial authority

in favor of its being sustained on the basis of the me___s of the position.

Answer

A

Tax Services (TS)

• The practitioner should not recommend a position or prepare or sign a tax return

taking a position that the practitioner does not have a good faith belief that has substantial authority

in favor of its being sustained on the basis of the merits of the position.

Question 33

Q

Tax Services (TS)

• The practitioner should not recommend a position or prepare or sign a tax return

t__ing a position that the practitioner does not have a good faith belief that has substantial authority

in favor of its being sustained on the basis of the merits of the position.

Answer

A

Tax Services (TS)

• The practitioner should not recommend a position or prepare or sign a tax return

taking a position that the practitioner does not have a good faith belief that has substantial authority

in favor of its being sustained on the basis of the merits of the position.

Question 34

Q

Tax Services (TS)

• The practitioner should not recommend a position or prepare or sign a tax return

taking a position that the practitioner does not have a good faith belief that has substantial authority

in fa___ of its being sustained on the basis of the merits of the position.

Answer

A

Tax Services (TS)

• The practitioner should not recommend a position or prepare or sign a tax return

taking a position that the practitioner does not have a good faith belief that has substantial authority

in favor of its being sustained on the basis of the merits of the position.

Question 35

Q

Tax Services (TS)

• The prac_____er should not recommend a position or prepare or sign a tax return

taking a position that the practitioner does not have a good faith belief that has substantial authority

in favor of its being sustained on the basis of the merits of the position.

Answer

A

Tax Services (TS)

• The practitioner should not recommend a position or prepare or sign a tax return

taking a position that the practitioner does not have a good faith belief that has substantial authority

in favor of its being sustained on the basis of the merits of the position.

Question 36

Q

Tax Services (TS)

• The practitioner may re________ a tax return position

if the practitioner concludes that there is a reasonable basis for the position

and advises the taxpayer to appropriately disclose the position.

Answer

A

Tax Services (TS)

• The practitioner may recommend a tax return position

if the practitioner concludes that there is a reasonable basis for the position

and advises the taxpayer to appropriately disclose the position.

Question 37

Q

Tax Services (TS)

• The practitioner may recommend a tax return position

if the practitioner con_____s that there is a reasonable basis for the position

and advises the taxpayer to appropriately disclose the position.

Answer

A

Tax Services (TS)

• The practitioner may recommend a tax return position

if the practitioner concludes that there is a reasonable basis for the position

and advises the taxpayer to appropriately disclose the position.

Question 38

Q

Tax Services (TS)

• The practitioner may recommend a tax return position

if the practitioner concludes that there is a re________ basis for the position

and advises the taxpayer to appropriately disclose the position.

Answer

A

Tax Services (TS)

• The practitioner may recommend a tax return position

if the practitioner concludes that there is a reasonable basis for the position

and advises the taxpayer to appropriately disclose the position.

Question 39

Q

Tax Services (TS)

• The practitioner may recommend a tax return position

if the practitioner concludes that there is a reasonable basis for the po______

and advises the taxpayer to appropriately disclose the position.

Answer

A

Tax Services (TS)

• The practitioner may recommend a tax return position

if the practitioner concludes that there is a reasonable basis for the position

and advises the taxpayer to appropriately disclose the position.

Question 40

Q

Tax Services (TS)

• The practitioner may recommend a tax return position

if the practitioner concludes that there is a reasonable basis for the position

and ad____s the taxpayer to appropriately disclose the position.

Answer

A

Tax Services (TS)

• The practitioner may recommend a tax return position

if the practitioner concludes that there is a reasonable basis for the position

and advises the taxpayer to appropriately disclose the position.

Question 41

Q

Tax Services (TS)

• The practitioner may recommend a tax return position

if the practitioner concludes that there is a reasonable basis for the position

and advises the taxpayer to appropriately dis_____ the position.

Answer

A

Tax Services (TS)

• The practitioner may recommend a tax return position

if the practitioner concludes that there is a reasonable basis for the position

and advises the taxpayer to appropriately disclose the position.

Question 42

Q

Tax Services (TS)

• The practitioner may recommend a tax return position

if the practitioner concludes that there is a reasonable basis for the position

and advises the tax___er to appropriately disclose the position.

Answer

A

Tax Services (TS)

• The practitioner may recommend a tax return position

if the practitioner concludes that there is a reasonable basis for the position

and advises the taxpayer to appropriately disclose the position.

Question 43

Q

Tax Services (TS)

• The practitioner may recommend a tax return position

if the practitioner concludes that there is a reasonable basis for the position

and advises the taxpayer to appropriately disclose the pos____n.

Answer

A

Tax Services (TS)

• The practitioner may recommend a tax return position

if the practitioner concludes that there is a reasonable basis for the position

and advises the taxpayer to appropriately disclose the position.

Question 44

Q

Tax Services (TS)

• The practitioner may also pre____ or s___ a tax return that takes a position that

the practitioner concludes has a reasonable basis
and is appropriately disclosed.

Answer

A

Tax Services (TS)

• The practitioner may also prepare or sign a tax return that takes a position that

the practitioner concludes has a reasonable basis
and is appropriately disclosed.

Question 45

Q

Tax Services (TS)

• The pra_____er may also prepare or sign a tax return that takes a position that

the pra_____er concludes has a reasonable basis
and is appropriately disclosed.

Answer

A

Tax Services (TS)

• The practitioner may also prepare or sign a tax return that takes a position that

the practitioner concludes has a reasonable basis
and is appropriately disclosed.

Question 46

Q

Tax Services (TS)

• The practitioner may also prepare or sign a tax return that takes a position that

the practitioner concludes has a rea______ basis
and is appropriately disclosed.

Answer

A

Tax Services (TS)

• The practitioner may also prepare or sign a tax return that takes a position that

the practitioner concludes has a reasonable basis
and is appropriately disclosed.

Question 47

Q

Tax Services (TS)

• The practitioner may also prepare or sign a tax return that takes a position that

the practitioner con_____s has a reasonable basis
and is appropriately disclosed.

Answer

A

Tax Services (TS)

• The practitioner may also prepare or sign a tax return that takes a position that

the practitioner concludes has a reasonable basis
and is appropriately disclosed.

Question 48

Q

Tax Services (TS)

• The practitioner may also prepare or sign a tax return that takes a position that

the practitioner concludes has a reasonable basis
and is app_______ly disclosed.

Answer

A

Tax Services (TS)

• The practitioner may also prepare or sign a tax return that takes a position that

the practitioner concludes has a reasonable basis
and is appropriately disclosed.

Question 49

Q

Tax Services (TS)

• The practitioner should ad____ the client regarding potential penalties related to tax positions taken

and the possibility of avoiding penalties through adequate disclosure.

Answer

A

Tax Services (TS)

• The practitioner should advise the client regarding potential penalties related to tax positions taken

and the possibility of avoiding penalties through adequate disclosure.

Question 50

Q

Tax Services (TS)

• The practitioner should advise the client regarding potential pe____ies related to tax positions taken

and the possibility of avoiding penalties through adequate disclosure.

Answer

A

Tax Services (TS)

• The practitioner should advise the client regarding potential penalties related to tax positions taken

and the possibility of avoiding penalties through adequate disclosure.

Question 51

Q

Tax Services (TS)

• The practitioner should advise the client regarding potential penalties related to tax positions taken

and the possibility of av___ing penalties through adequate disclosure.

Answer

A

Tax Services (TS)

• The practitioner should advise the client regarding potential penalties related to tax positions taken

and the possibility of avoiding penalties through adequate disclosure.

Question 52

Q

Tax Services (TS)

• The practitioner should advise the client regarding potential penalties related to tax positions taken

and the possibility of avoiding penalties through ade_____ disclosure.

Answer

A

Tax Services (TS)

• The practitioner should advise the client regarding potential penalties related to tax positions taken

and the possibility of avoiding penalties through adequate disclosure.

Question 53

Q

Tax Services (TS)

• The practitioner should advise the client regarding potential penalties related to tax positions taken

and the possibility of avoiding penalties through adequate dis______.

Answer

A

Tax Services (TS)

• The practitioner should advise the client regarding potential penalties related to tax positions taken

and the possibility of avoiding penalties through adequate disclosure.

Question 54

Q

Tax Services (TS)

• The pra_______er should advise the client regarding potential penalties related to tax positions taken

and the possibility of avoiding penalties through adequate disclosure.

Answer

A

Tax Services (TS)

• The practitioner should advise the client regarding potential penalties related to tax positions taken

and the possibility of avoiding penalties through adequate disclosure.

Question 55

Q

Tax Services (TS)

Each tax jurisdiction may have its own re_____ing and disclosure standards.

Answer

A

Tax Services (TS)

Each tax jurisdiction may have its own reporting and disclosure standards.

Question 56

Q

Tax Services (TS)

Each tax jurisdiction may have its own reporting and disc____ standards.

Answer

A

Tax Services (TS)

Each tax jurisdiction may have its own reporting and disclosure standards.

Question 57

Q

Tax Services (TS)

Each tax jurisdiction may have its own reporting and disclosure standards.

Those that the practitioner should be familiar with include:

• More likely than not
indicates that

there is a g____er than 50% likelihood that the position will be sustained on the basis of its merits.

Answer

A

Tax Services (TS)

Each tax jurisdiction may have its own reporting and disclosure standards.

Those that the practitioner should be familiar with include:

• More likely than not
indicates that

there is a greater than 50% likelihood that the position will be sustained on the basis of its merits.

Question 58

Q

Tax Services (TS)

Each tax jurisdiction may have its own reporting and disclosure standards.

Those that the practitioner should be familiar with include:

• More likely than not
indicates that

there is a greater than __% likelihood that the position will be sustained on the basis of its merits.

Answer

A

Tax Services (TS)

Each tax jurisdiction may have its own reporting and disclosure standards.

Those that the practitioner should be familiar with include:

• More likely than not
indicates that

there is a greater than 50% likelihood that the position will be sustained on the basis of its merits.

Question 59

Q

Tax Services (TS)

Each tax jurisdiction may have its own reporting and disclosure standards.

Those that the practitioner should be familiar with include:

• More likely than not
indicates that

there is a greater than 50% likelihood that the position will be sus____ed on the basis of its merits.

Answer

A

Tax Services (TS)

Each tax jurisdiction may have its own reporting and disclosure standards.

Those that the practitioner should be familiar with include:

• More likely than not
indicates that

there is a greater than 50% likelihood that the position will be sustained on the basis of its merits.

Question 60

Q

Tax Services (TS)

Each tax jurisdiction may have its own reporting and disclosure standards.

Those that the practitioner should be familiar with include:

• More likely than not
indicates that

there is a greater than 50% likelihood that the position will be sustained on the basis of its me___s.

Answer

A

Tax Services (TS)

Each tax jurisdiction may have its own reporting and disclosure standards.

Those that the practitioner should be familiar with include:

• More likely than not
indicates that

there is a greater than 50% likelihood that the position will be sustained on the basis of its merits.

Question 61

Q

Tax Services (TS)

Each tax jurisdiction may have its own reporting and disclosure standards.

Those that the pra______er should be familiar with include:

• More likely than not
indicates that

there is a greater than 50% likelihood that the position will be sustained on the basis of its merits.

Answer

A

Tax Services (TS)

Each tax jurisdiction may have its own reporting and disclosure standards.

Those that the practitioner should be familiar with include:

• More likely than not
indicates that

there is a greater than 50% likelihood that the position will be sustained on the basis of its merits.

Question 62

Q

Tax Services (TS)

Each tax jurisdiction may have its own reporting and disclosure standards.

Those that the practitioner should be familiar with include:

• Substantial authority
indicates that

those authoritative sources supporting the position are substantial in relation to those opposing the po______,

often requiring approximately 40% likelihood that the position will be sustained on the basis of its merits.

Answer

A

Tax Services (TS)

Each tax jurisdiction may have its own reporting and disclosure standards.

Those that the practitioner should be familiar with include:

• Substantial authority
indicates that

those authoritative sources supporting the position are substantial in relation to those opposing the position,

often requiring approximately 40% likelihood that the position will be sustained on the basis of its merits.

Question 63

Q

Tax Services (TS)

Each tax jurisdiction may have its own reporting and disclosure standards.

Those that the practitioner should be familiar with include:

• Sub_____ial authority
indicates that

those authoritative sources supporting the position are substantial in relation to those opposing the position,

often requiring approximately 40% likelihood that the position will be sustained on the basis of its merits.

Answer

A

Tax Services (TS)

Each tax jurisdiction may have its own reporting and disclosure standards.

Those that the practitioner should be familiar with include:

• Substantial authority
indicates that

those authoritative sources supporting the position are substantial in relation to those opposing the position,

often requiring approximately 40% likelihood that the position will be sustained on the basis of its merits.

Question 64

Q

Tax Services (TS)

Each tax jurisdiction may have its own reporting and disclosure standards.

Those that the practitioner should be familiar with include:

• Substantial au_____y
indicates that

those authoritative sources supporting the position are substantial in relation to those opposing the position,

often requiring approximately 40% likelihood that the position will be sustained on the basis of its merits.

Answer

A

Tax Services (TS)

Each tax jurisdiction may have its own reporting and disclosure standards.

Those that the practitioner should be familiar with include:

• Substantial authority
indicates that

those authoritative sources supporting the position are substantial in relation to those opposing the position,

often requiring approximately 40% likelihood that the position will be sustained on the basis of its merits.

Answer 65

A

Tax Services (TS)

Each tax jurisdiction may have its own reporting and disclosure standards.

Those that the practitioner should be familiar with include:

• Substantial authority
indicates that

those authoritative sources supporting the position are substantial in relation to those opposing the position,

often requiring approximately 40% likelihood that the position will be sustained on the basis of its merits.

Answer 66

A

Tax Services (TS)

Each tax jurisdiction may have its own reporting and disclosure standards.

Those that the practitioner should be familiar with include:

• Substantial authority
indicates that

those authoritative sources supporting the position are substantial in relation to those opposing the position,

often requiring approximately 40% likelihood that the position will be sustained on the basis of its merits.

Answer 67

A

Tax Services (TS)

Each tax jurisdiction may have its own reporting and disclosure standards.

Those that the practitioner should be familiar with include:

• Substantial authority
indicates that

those authoritative sources supporting the position are substantial in relation to those opposing the position,

often requiring approximately 40% likelihood that the position will be sustained on the basis of its merits.

Answer 68

A

Tax Services (TS)

Each tax jurisdiction may have its own reporting and disclosure standards.

Those that the practitioner should be familiar with include:

• Substantial authority
indicates that

those authoritative sources supporting the position are substantial in relation to those opposing the position,

often requiring approximately 40% likelihood that the position will be sustained on the basis of its merits.

Answer 69

A

Tax Services (TS)

Each tax jurisdiction may have its own reporting and disclosure standards.

Those that the practitioner should be familiar with include:

• Substantial authority
indicates that

those authoritative sources supporting the position are substantial in relation to those opposing the position,

often requiring approximately 40% likelihood that the position will be sustained on the basis of its merits.

Answer 70

A

Tax Services (TS)

Each tax jurisdiction may have its own reporting and disclosure standards.

Those that the practitioner should be familiar with include:

• Substantial authority
indicates that

those authoritative sources supporting the position are substantial in relation to those opposing the position,

often requiring approximately 40% likelihood that the position will be sustained on the basis of its merits.

Answer 71

A

Tax Services (TS)

Each tax jurisdiction may have its own reporting and disclosure standards.

Those that the practitioner should be familiar with include:

• Realistic possibility
of success indicates that

the practitioner believes that there is approximately a 1/3 likelihood

that the position will be sustained on the basis of its merits.

Answer 72

A

Tax Services (TS)

Each tax jurisdiction may have its own reporting and disclosure standards.

Those that the practitioner should be familiar with include:

• Realistic possibility
of success indicates that

the practitioner believes that there is approximately a 1/3 likelihood

that the position will be sustained on the basis of its merits.

Answer 73

A

Tax Services (TS)

Each tax jurisdiction may have its own reporting and disclosure standards.

Those that the practitioner should be familiar with include:

• Realistic possibility
of success indicates that

the practitioner believes that there is approximately a 1/3 likelihood

that the position will be sustained on the basis of its merits.

Answer 74

A

Tax Services (TS)

Each tax jurisdiction may have its own reporting and disclosure standards.

Those that the practitioner should be familiar with include:

• Realistic possibility
of success indicates that

the practitioner believes that there is approximately a 1/3 likelihood

that the position will be sustained on the basis of its merits.

Answer 75

A

Tax Services (TS)

Each tax jurisdiction may have its own reporting and disclosure standards.

Those that the practitioner should be familiar with include:

• Realistic possibility
of success indicates that

the practitioner believes that there is approximately a 1/3 likelihood

that the position will be sustained on the basis of its merits.

Answer 76

A

Tax Services (TS)

Each tax jurisdiction may have its own reporting and disclosure standards.

Those that the practitioner should be familiar with include:

• Realistic possibility
of success indicates that

the practitioner believes that there is approximately a 1/3 likelihood

that the position will be sustained on the basis of its merits.

Answer 77

A

Tax Services (TS)

Each tax jurisdiction may have its own reporting and disclosure standards.

Those that the practitioner should be familiar with include:

• Realistic possibility
of success indicates that

the practitioner believes that there is approximately a 1/3 likelihood

that the position will be sustained on the basis of its merits.

Answer 78

A

Tax Services (TS)

Each tax jurisdiction may have its own reporting and disclosure standards.

Those that the practitioner should be familiar with include:

• Realistic possibility
of success indicates that

the practitioner believes that there is approximately a 1/3 likelihood

that the position will be sustained on the basis of its merits.

Answer 79

A

Tax Services (TS)

Each tax jurisdiction may have its own reporting and disclosure standards.

Those that the practitioner should be familiar with include:

• Realistic possibility
of success indicates that

the practitioner believes that there is approximately a 1/3 likelihood

that the position will be sustained on the basis of its merits.

Answer 80

A

Tax Services (TS)

• Reasonable basis
indicates the practitioner believes that

one or more credible authorities support the position

and that the position is not frivolous or patently improper.

   o The standard is not satisfied if the position is merely arguable.

   o A reasonable basis is often associated with a 20% likelihood that the position will be sustained on the basis of its merits.

Answer 81

A

Tax Services (TS)

• Reasonable basis
indicates the practitioner believes that

one or more credible authorities support the position

and that the position is not frivolous or patently improper.

   o The standard is not satisfied if the position is merely arguable.

   o A reasonable basis is often associated with a 20% likelihood that the position will be sustained on the basis of its merits.

Answer 82

A

Tax Services (TS)

• Reasonable basis
indicates the practitioner believes that

one or more credible authorities support the position

and that the position is not frivolous or patently improper.

   o The standard is not satisfied if the position is merely arguable.

   o A reasonable basis is often associated with a 20% likelihood that the position will be sustained on the basis of its merits.

Answer 83

A

Tax Services (TS)

• Reasonable basis
indicates the practitioner believes that

one or more credible authorities support the position

and that the position is not frivolous or patently improper.

   o The standard is not satisfied if the position is merely arguable.

   o A reasonable basis is often associated with a 20% likelihood that the position will be sustained on the basis of its merits.

Answer 84

A

Tax Services (TS)

• Reasonable basis
indicates the practitioner believes that

one or more credible authorities support the position

and that the position is not frivolous or patently improper.

   o The standard is not satisfied if the position is merely arguable.

   o A reasonable basis is often associated with a 20% likelihood that the position will be sustained on the basis of its merits.

Answer 85

A

Tax Services (TS)

• Reasonable basis
indicates the practitioner believes that

one or more credible authorities support the position

and that the position is not frivolous or patently improper.

   o The standard is not satisfied if the position is merely arguable.

   o A reasonable basis is often associated with a 20% likelihood that the position will be sustained on the basis of its merits.

Answer 86

A

Tax Services (TS)

• Reasonable basis
indicates the practitioner believes that

one or more credible authorities support the position

and that the position is not frivolous or patently improper.

   o The standard is not satisfied if the position is merely arguable.

   o A reasonable basis is often associated with a 20% likelihood that the position will be sustained on the basis of its merits.

Answer 87

A

Tax Services (TS)

• Reasonable basis
indicates the practitioner believes that

one or more credible authorities support the position

and that the position is not frivolous or patently improper.

   o The standard is not satisfied if the position is merely arguable.

   o A reasonable basis is often associated with a 20% likelihood that the position will be sustained on the basis of its merits.

Answer 88

A

Tax Services (TS)

• Reasonable basis
indicates the practitioner believes that

one or more credible authorities support the position

and that the position is not frivolous or patently improper.

   o The standard is not satisfied if the position is merely arguable.

   o A reasonable basis is often associated with a 20% likelihood that the position will be sustained on the basis of its merits.

Answer 89

A

Tax Services (TS)

• Reasonable basis
indicates the practitioner believes that

one or more credible authorities support the position

and that the position is not frivolous or patently improper.

   o The standard is not satisfied if the position is merely arguable.

   o A reasonable basis is often associated with a 20% likelihood that the position will be sustained on the basis of its merits.

Answer 90

A

Tax Services (TS)

• Reasonable basis
indicates the practitioner believes that

one or more credible authorities support the position

and that the position is not frivolous or patently improper.

   o The standard is not satisfied if the position is merely arguable.

   o A reasonable basis is often associated with a 20% likelihood that the position will be sustained on the basis of its merits.

Answer 91

A

Tax Services (TS)

Each tax jurisdiction may have its own reporting and disclosure standards.

Those that the practitioner should be familiar with include:

• More likely than not
greater than 50% or > 50%
success rate

• Substantial authority
approximately 40%
success rate

• Realistic possibility
approximately a 1/3 or 33.33%
success rate

• Reasonable basis
20%
success rate

Answer 92

A

Tax Services (TS)

Each tax jurisdiction may have its own reporting and disclosure standards.

Those that the practitioner should be familiar with include:

• More likely than not
greater than 50% or > 50%
success rate

• Substantial authority
approximately 40%
success rate

• Realistic possibility
approximately a 1/3 or 33.33%
success rate

• Reasonable basis
20%
success rate

Answer 93

A

Tax Services (TS)

Each tax jurisdiction may have its own reporting and disclosure standards.

Those that the practitioner should be familiar with include:

• More likely than not
greater than 50% or > 50%
success rate

• Substantial authority
approximately 40%
success rate

• Realistic possibility
approximately a 1/3 or 33.33%
success rate

• Reasonable basis
20%
success rate

Answer 94

A

Tax Services (TS)

Each tax jurisdiction may have its own reporting and disclosure standards.

Those that the practitioner should be familiar with include:

• More likely than not
greater than 50% or > 50%
success rate

• Substantial authority
approximately 40%
success rate

• Realistic possibility
approximately a 1/3 or 33.33%
success rate

• Reasonable basis
20%
success rate

Answer 95

A

Tax Services (TS)

Each tax jurisdiction may have its own reporting and disclosure standards.

Those that the practitioner should be familiar with include:

• More likely than not
greater than 50% or > 50%
success rate

• Substantial authority
approximately 40%
success rate

• Realistic possibility
approximately a 1/3 or 33.33%
success rate

• Reasonable basis
20%
success rate

Answer 96

A

Tax Services (TS)

Each tax jurisdiction may have its own reporting and disclosure standards.

Those that the practitioner should be familiar with include:

• More likely than not
greater than 50% or > 50%
success rate

• Substantial authority
approximately 40%
success rate

• Realistic possibility
approximately a 1/3 or 33.33%
success rate

• Reasonable basis
20%
success rate

Answer 97

A

Tax Services (TS)

Each tax jurisdiction may have its own reporting and disclosure standards.

Those that the practitioner should be familiar with include:

• More likely than not
greater than 50% or > 50%
success rate

• Substantial authority
approximately 40%
success rate

• Realistic possibility
approximately a 1/3 or 33.33%
success rate

• Reasonable basis
20%
success rate

Answer 98

A

Tax Services (TS)

Each tax jurisdiction may have its own reporting and disclosure standards.

Those that the practitioner should be familiar with include:

• More likely than not
> 50%

• Substantial authority
~ 40%

• Realistic possibility
~ 1/3 or 33.33%

• Reasonable basis
20%

Answer 99

A

Tax Services (TS)

TS establish minimum standards for recommending a tax position or preparing or signing a tax return for those jurisdictions that either do not have formal standards or have standards that are not as strict as those imposed by TS.

The practitioner should not recommend a position or prepare or sign a tax return taking a position that the practitioner does not have a good faith belief that has substantial authority in favor of its being sustained on the basis of the merits of the position.
The practitioner may recommend a tax return position if the practitioner concludes that there is a reasonable basis for the position and advises the taxpayer to appropriately disclose the position.
The practitioner may also prepare or sign a tax return that takes a position that the practitioner concludes has a reasonable basis and is appropriately disclosed.
The practitioner should advise the client regarding potential penalties related to tax positions taken and the possibility of avoiding penalties through adequate disclosure.

Answer 100

A

Tax Services (TS)

The Substantial Authority standard is considered to be an approximately 40% likelihood of success. To put the likelihoods in order:

• More likely than not standard
> 50% probability of success
if tax position is challenged

• Substantial authority standard
≈ 40% probability of success

• Realistic possibility of success
≈ 33% (1/3) probability of success

• Reasonable basis standard
≈ 20% probability of success.

(≈ approximately)

Answer 101

A

Tax Services (TS)

The Substantial Authority standard is considered to be an approximately 40% likelihood of success. To put the likelihoods in order:

• More likely than not standard
> 50% probability of success
if tax position is challenged

• Substantial authority standard
≈ 40% probability of success

• Realistic possibility of success
≈ 33% (1/3) probability of success

• Reasonable basis standard
≈ 20% probability of success.

(≈ approximately)

Answer 102

A

Tax Services (TS)

The Substantial Authority standard is considered to be an approximately 40% likelihood of success. To put the likelihoods in order:

• More likely than not standard
> 50% probability of success
if tax position is challenged

• Substantial authority standard
≈ 40% probability of success

• Realistic possibility of success
≈ 33% (1/3) probability of success

• Reasonable basis standard
≈ 20% probability of success.

(≈ approximately)

Answer 103

A

Tax Services (TS)

The Substantial Authority standard is considered to be an approximately 40% likelihood of success. To put the likelihoods in order:

• More likely than not standard
> 50% probability of success
if tax position is challenged

• Substantial authority standard
≈ 40% probability of success

• Realistic possibility of success
≈ 33% (1/3) probability of success

• Reasonable basis standard
≈ 20% probability of success.

(≈ approximately)

Answer 104

A

Tax Services (TS)

The Substantial Authority standard is considered to be an approximately 40% likelihood of success. To put the likelihoods in order:

• More likely than not standard
> 50% probability of success
if tax position is challenged

• Substantial authority standard
≈ 40% probability of success

• Realistic possibility of success
≈ 33% (1/3) probability of success

• Reasonable basis standard
≈ 20% probability of success.

(≈ approximately)

Answer 105

A

Tax Services (TS)

A position taken may conflict with a position that previously resulted from an administrative proceeding (tax audit) or court decision,

provided taxpayer is not be bound to the specified treatment in later tax returns.

Answer 106

A

Tax Services (TS)

A position taken may conflict with a position that previously resulted from an administrative proceeding (tax audit) or court decision,

provided taxpayer is not be bound to the specified treatment in later tax returns.

Answer 107

A

Tax Services (TS)

A position taken may conflict with a position that previously resulted from an administrative proceeding (tax audit) or court decision,

provided taxpayer is not be bound to the specified treatment in later tax returns.

Answer 108

A

Tax Services (TS)

A position taken may conflict with a position that previously resulted from an administrative proceeding (tax audit) or court decision,

provided taxpayer is not be bound to the specified treatment in later tax returns.

Answer 109

A

Tax Services (TS)

A position taken may conflict with a position that previously resulted from an administrative proceeding (tax audit) or court decision,

provided taxpayer is not be bound to the specified treatment in later tax returns.

Answer 110

A

Tax Services (TS)

A position taken may conflict with a position that previously resulted from an administrative proceeding (tax audit) or court decision,

provided taxpayer is not be bound to the specified treatment in later tax returns.

Answer 111

A

Tax Services (TS)

A position taken may conflict with a position that previously resulted from an administrative proceeding (tax audit) or court decision,

provided taxpayer is not be bound to the specified treatment in later tax returns.

Answer 112

A

Tax Services (TS)

A position taken may conflict with a position that previously resulted from an administrative proceeding (tax audit) or court decision,

provided taxpayer is not be bound to the specified treatment in later tax returns.

Answer 113

A

Tax Services (TS)

A position taken may conflict with a position that previously resulted from an administrative proceeding (tax audit) or court decision,

provided taxpayer is not be bound to the specified treatment in later tax returns.

Answer 114

A

Tax Services (TS)

A position taken may conflict with a position that previously resulted from an administrative proceeding (tax audit) or court decision,

provided taxpayer is not be bound to the specified treatment in later tax returns.

Answer 115

A

Tax Services (TS)

A position taken may conflict with a position that previously resulted from an administrative proceeding (tax audit) or court decision,

provided taxpayer is not be bound to the specified treatment in later tax returns.

Answer 116

A

Tax Services (TS)

When providing tax advice to clients:

• Any written communication should comply with standards of taxing authorities.

Answer 117

A

Tax Services (TS)

When providing tax advice to clients:

• Any written communication should comply with standards of taxing authorities.

Answer 118

A

Tax Services (TS)

When providing tax advice to clients:

• Any written communication should comply with standards of taxing authorities.

Answer 119

A

Tax Services (TS)

When providing tax advice to clients:

• Any written communication should comply with standards of taxing authorities.

Answer 120

A

Tax Services (TS)

When providing tax advice to clients:

• Any written communication should comply with standards of taxing authorities.

Answer 121

A

Tax Services (TS)

When providing tax advice to clients:

• It should be assumed that

advice will affect the reporting
or disclosure of transactions
on the client’s tax returns

and should consider standards for return reporting
and disclosure and potential consequences
of the position, such as penalties.

Answer 122

A

Tax Services (TS)

When providing tax advice to clients:

• It should be assumed that

advice will affect the reporting
or disclosure of transactions
on the client’s tax returns

and should consider standards for return reporting
and disclosure and potential consequences
of the position, such as penalties.

Answer 123

A

Tax Services (TS)

When providing tax advice to clients:

• It should be assumed that

advice will affect the reporting
or disclosure of transactions
on the client’s tax returns

and should consider standards for return reporting
and disclosure and potential consequences
of the position, such as penalties.

Answer 124

A

Tax Services (TS)

When providing tax advice to clients:

• It should be assumed that

advice will affect the reporting
or disclosure of transactions
on the client’s tax returns

and should consider standards for return reporting
and disclosure and potential consequences
of the position, such as penalties.

Answer 125

A

Tax Services (TS)

When providing tax advice to clients:

• It should be assumed that

advice will affect the reporting
or disclosure of transactions
on the client’s tax returns

and should consider standards for return reporting
and disclosure and potential consequences
of the position, such as penalties.

Answer 126

A

Tax Services (TS)

When providing tax advice to clients:

• It should be assumed that

advice will affect the reporting
or disclosure of transactions
on the client’s tax returns

and should consider standards for return reporting
and disclosure and potential consequences
of the position, such as penalties.

Answer 127

A

Tax Services (TS)

When providing tax advice to clients:

• It should be assumed that

advice will affect the reporting
or disclosure of transactions
on the client’s tax returns

and should consider standards for return reporting
and disclosure and potential consequences
of the position, such as penalties.

Answer 128

A

Tax Services (TS)

When providing tax advice to clients:

• It should be assumed that

advice will affect the reporting
or disclosure of transactions
on the client’s tax returns

and should consider standards for return reporting
and disclosure and potential consequences
of the position, such as penalties.

Answer 129

A

Tax Services (TS)

When providing tax advice to clients:

• The CPA need not inform the client of subsequent developments affecting advice previously given.

Answer 130

A

Tax Services (TS)

When providing tax advice to clients:

• The CPA need not inform the client of subsequent developments affecting advice previously given.

Answer 131

A

Tax Services (TS)

When providing tax advice to clients:

• The CPA need not inform the client of subsequent developments affecting advice previously given.

Answer 132

A

Tax Services (TS)

When providing tax advice to clients:

• The CPA need not inform the client of subsequent developments affecting advice previously given.

Answer 133

A

Tax Services (TS)

When providing tax advice to clients:

• The CPA need not inform the client of subsequent developments affecting advice previously given.

Answer 134

A

Tax Services (TS)

When providing tax advice to clients:

Any written communication should comply with standards of taxing authorities.
It should be assumed that advice will affect the reporting or disclosure of transactions on the client’s tax returns

and should consider standards for return reporting and disclosure and potential consequences of the position, such as penalties.

• The CPA need not inform the client of subsequent developments affecting advice previously given.

Answer 135

A

Tax Services (TS)

Before signing, the CPA makes a reasonable effort to obtain information necessary to answer all questions on the return.

Answer 136

A

Tax Services (TS)

Before signing, the CPA makes a reasonable effort to obtain information necessary to answer all questions on the return.

Answer 137

A

Tax Services (TS)

Before signing, the CPA makes a reasonable effort to obtain information necessary to answer all questions on the return.

Answer 138

A

Tax Services (TS)

Before signing, the CPA makes a reasonable effort to obtain information necessary to answer all questions on the return.

Answer 139

A

Tax Services (TS)

Before signing, the CPA makes a reasonable effort to obtain information necessary to answer all questions on the return.

Answer 140

A

Tax Services (TS)

Before signing, the CPA makes a reasonable effort to obtain information necessary to answer all questions on the return.

Answer 141

A

Tax Services (TS)

Before signing, the CPA makes a reasonable effort to obtain information necessary to answer all questions on the return.

Answer 142

A

Tax Services (TS)

Before signing, the CPA makes a reasonable effort to obtain information necessary to answer all questions on the return.

Without obtaining verification, the CPA may rely on information obtained from the taxpayer or others

but may not ignore indications that the information is incorrect, incomplete, or inconsistent with the CPA’s knowledge of the client.

Answer 143

A

Tax Services (TS)

Without obtaining verification, the CPA may rely on information obtained from the taxpayer or others

but may not ignore indications that the information is incorrect, incomplete, or inconsistent with the CPA’s knowledge of the client.

Answer 144

A

Tax Services (TS)

Without obtaining verification, the CPA may rely on information obtained from the taxpayer or others

but may not ignore indications that the information is incorrect, incomplete, or inconsistent with the CPA’s knowledge of the client.

Answer 145

A

Tax Services (TS)

Without obtaining verification, the CPA may rely on information obtained from the taxpayer or others

but may not ignore indications that the information is incorrect, incomplete, or inconsistent with the CPA’s knowledge of the client.

Answer 146

A

Tax Services (TS)

Without obtaining verification, the CPA may rely on information obtained from the taxpayer or others

but may not ignore indications that the information is incorrect, incomplete, or inconsistent with the CPA’s knowledge of the client.

Answer 147

A

Tax Services (TS)

Without obtaining verification, the CPA may rely on information obtained from the taxpayer or others

but may not ignore indications that the information is incorrect, incomplete, or inconsistent with the CPA’s knowledge of the client.

Answer 148

A

Tax Services (TS)

Without obtaining verification, the CPA may rely on information obtained from the taxpayer or others

but may not ignore indications that the information is incorrect, incomplete, or inconsistent with the CPA’s knowledge of the client.

Answer 149

A

Tax Services (TS)

Without obtaining verification, the CPA may rely on information obtained from the taxpayer or others

but may not ignore indications that the information is incorrect, incomplete, or inconsistent with the CPA’s knowledge of the client.

Answer 150

A

Tax Services (TS)

Without obtaining verification, the CPA may rely on information obtained from the taxpayer or others

but may not ignore indications that the information is incorrect, incomplete, or inconsistent with the CPA’s knowledge of the client.

Answer 151

A

Tax Services (TS)

Without obtaining verification, the CPA may rely on information obtained from the taxpayer or others

but may not ignore indications that the information is incorrect, incomplete, or inconsistent with the CPA’s knowledge of the client.

Answer 152

A

Tax Services (TS)

Without obtaining verification, the CPA may rely on information obtained from the taxpayer or others

but may not ignore indications that the information is incorrect, incomplete, or inconsistent with the CPA’s knowledge of the client.

Answer 153

A

Tax Services (TS)

Before signing, the CPA makes a reasonable effort to obtain information necessary to answer all questions on the return.

Without obtaining verification, the CPA may rely on information obtained from the taxpayer or others

but may not ignore indications that the information is incorrect, incomplete, or inconsistent with the CPA’s knowledge of the client.

Answer 154

A

Tax Services (TS)

Client estimates may be used if the CPA believes them to be reasonable.
Estimates should be presented such that it is clear they are estimates.

Answer 155

A

Tax Services (TS)

Client estimates may be used if the CPA believes them to be reasonable.
Estimates should be presented such that it is clear they are estimates.

Answer 156

A

Tax Services (TS)

Client estimates may be used if the CPA believes them to be reasonable.
Estimates should be presented such that it is clear they are estimates.

Answer 157

A

Tax Services (TS)

Client estimates may be used if the CPA believes them to be reasonable.
Estimates should be presented such that it is clear they are estimates.

Answer 158

A

Tax Services (TS)

Client estimates may be used if the CPA believes them to be reasonable.
Estimates should be presented such that it is clear they are estimates.

Answer 159

A

Tax Services (TS)

Before signing, the CPA makes a reasonable effort to obtain information necessary to answer all questions on the return.

Without obtaining verification, the CPA may rely on information obtained from the taxpayer or others

but may not ignore indications that the information is incorrect, incomplete, or inconsistent with the CPA’s knowledge of the client.

Client estimates may be used if the CPA believes them to be reasonable.
Estimates should be presented such that it is clear they are estimates.

Answer 160

A

Tax Services (TS)

The CPA may become aware of an error on a previously filed return or in a return that is subject to an administrative proceeding, or that a required return was not filed.

Answer 161

A

Tax Services (TS)

The CPA may become aware of an error on a previously filed return or in a return that is subject to an administrative proceeding, or that a required return was not filed.

Answer 162

A

Tax Services (TS)

The CPA may become aware of an error on a previously filed return or in a return that is subject to an administrative proceeding, or that a required return was not filed.

Answer 163

A

Tax Services (TS)

The CPA may become aware of an error on a previously filed return or in a return that is subject to an administrative proceeding, or that a required return was not filed.

Answer 164

A

Tax Services (TS)

The CPA may become aware of an error on a previously filed return or in a return that is subject to an administrative proceeding, or that a required return was not filed.

Answer 165

A

Tax Services (TS)

The CPA may become aware of an error on a previously filed return or in a return that is subject to an administrative proceeding, or that a required return was not filed.

Answer 166

A

Tax Services (TS)

The CPA may become aware of an error on a previously filed return or in a return that is subject to an administrative proceeding, or that a required return was not filed.

Answer 167

A

Tax Services (TS)

The CPA may become aware of an error on a previously filed return or in a return that is subject to an administrative proceeding, or that a required return was not filed.

The CPA may not inform the taxing authority without permission from the client, but should:

Promptly inform the client
Advise the client, orally or in writing, of the potential error

Answer 168

A

Tax Services (TS)

The CPA may become aware of an error on a previously filed return or in a return that is subject to an administrative proceeding, or that a required return was not filed.

The CPA may not inform the taxing authority without permission from the client, but should:

Promptly inform the client
Advise the client, orally or in writing, of the potential error

Answer 169

A

Tax Services (TS)

The CPA may become aware of an error on a previously filed return or in a return that is subject to an administrative proceeding, or that a required return was not filed.

The CPA may not inform the taxing authority without permission from the client, but should:

Promptly inform the client
Advise the client, orally or in writing, of the potential error

Answer 170

A

Tax Services (TS)

The CPA may become aware of an error on a previously filed return or in a return that is subject to an administrative proceeding, or that a required return was not filed.

The CPA may not inform the taxing authority without permission from the client, but should:

Promptly inform the client
Advise the client, orally or in writing, of the potential error

Answer 171

A

Tax Services (TS)

The CPA may become aware of an error on a previously filed return or in a return that is subject to an administrative proceeding, or that a required return was not filed.

The CPA may not inform the taxing authority without permission from the client, but should:

Promptly inform the client
Advise the client, orally or in writing, of the potential error

Answer 172

A

Tax Services (TS)

The CPA may become aware of an error on a previously filed return or in a return that is subject to an administrative proceeding, or that a required return was not filed.

The CPA may not inform the taxing authority without permission from the client, but should:

Promptly inform the client
Advise the client, orally or in writing, of the potential error

Answer 173

A

Tax Services (TS)

The CPA may become aware of an error on a previously filed return or in a return that is subject to an administrative proceeding, or that a required return was not filed.

The CPA may not inform the taxing authority without permission from the client, but should:

Promptly inform the client
Advise the client, orally or in writing, of the potential error

Answer 174

A

Tax Services (TS)

The CPA may become aware of an error on a previously filed return or in a return that is subject to an administrative proceeding, or that a required return was not filed.

The CPA may not inform the taxing authority without permission from the client, but should:

Promptly inform the client
Advise the client, orally or in writing, of the potential error

Answer 175

A

Tax Services (TS)

The CPA may become aware of an error on a previously filed return or in a return that is subject to an administrative proceeding, or that a required return was not filed.

The CPA may not inform the taxing authority without permission from the client, but should:

Promptly inform the client
Advise the client, orally or in writing, of the potential error

Answer 176

A

Tax Services (TS)

The CPA may become aware of an error on a previously filed return or in a return that is subject to an administrative proceeding, or that a required return was not filed.

The CPA may not inform the taxing authority without permission from the client, but should:

Promptly inform the client
Advise the client, orally or in writing, of the potential error

Answer 177

A

Tax Services (TS)

A CPA should consider withdrawal from an engagement where a client has failed to correct an error in a prior return and should evaluate a continued relationship with the client.

Answer 178

A

Tax Services (TS)

A CPA should consider withdrawal from an engagement where a client has failed to correct an error in a prior return and should evaluate a continued relationship with the client.

Answer 179

A

Tax Services (TS)

A CPA should consider withdrawal from an engagement where a client has failed to correct an error in a prior return and should evaluate a continued relationship with the client.

Answer 180

A

Tax Services (TS)

A CPA should consider withdrawal from an engagement where a client has failed to correct an error in a prior return and should evaluate a continued relationship with the client.

Answer 181

A

Tax Services (TS)

A CPA should consider withdrawal from an engagement where a client has failed to correct an error in a prior return and should evaluate a continued relationship with the client.

Answer 182

A

Tax Services (TS)

A CPA should consider withdrawal from an engagement where a client has failed to correct an error in a prior return and should evaluate a continued relationship with the client.

Answer 183

A

Tax Services (TS)

A CPA should consider withdrawal from an engagement where a client has failed to correct an error in a prior return and should evaluate a continued relationship with the client.

The CPA should take steps to avoid repeating the error if it is deemed appropriate to prepare the current return.

Answer 184

A

Tax Services (TS)

A CPA should consider withdrawal from an engagement where a client has failed to correct an error in a prior return and should evaluate a continued relationship with the client.

The CPA should take steps to avoid repeating the error if it is deemed appropriate to prepare the current return.

Answer 185

A

Tax Services (TS)

A CPA should consider withdrawal from an engagement where a client has failed to correct an error in a prior return and should evaluate a continued relationship with the client.

The CPA should take steps to avoid repeating the error if it is deemed appropriate to prepare the current return.

Answer 186

A

Tax Services (TS)

The CPA should take steps to avoid repeating the error if it is deemed appropriate to prepare the current return.

Answer 187

A

Tax Services (TS)

The CPA should take steps to avoid repeating the error if it is deemed appropriate to prepare the current return.

Answer 188

A

Tax Services (TS)

A CPA should consider withdrawal from an engagement where a client has failed to correct an error in a prior return and should evaluate a continued relationship with the client.

The CPA should take steps to avoid repeating the error if it is deemed appropriate to prepare the current return.

• The CPA should request that the client inform a taxing authority of an error when representing the client in an administrative proceeding.

Answer 189

A

Tax Services (TS)

• The CPA should request that the client inform a taxing authority of an error when representing the client in an administrative proceeding.

Answer 190

A

Tax Services (TS)

• The CPA should request that the client inform a taxing authority of an error when representing the client in an administrative proceeding.

Answer 191

A

Tax Services (TS)

• The CPA should request that the client inform a taxing authority of an error when representing the client in an administrative proceeding.

Answer 192

A

Tax Services (TS)

• The CPA should request that the client inform a taxing authority of an error when representing the client in an administrative proceeding.

Answer 193

A

Tax Services (TS)

A CPA should consider withdrawal from an engagement where a client has failed to correct an error in a prior return and should evaluate a continued relationship with the client.

The CPA should take steps to avoid repeating the error if it is deemed appropriate to prepare the current return.

• The CPA should request that the client inform a taxing authority of an error when representing the client in an administrative proceeding.

Answer 194

A

Tax Services (TS)

A CPA should consider withdrawal from an engagement where a client has failed to correct an error in a prior return and should evaluate a continued relationship with the client.

The CPA should take steps to avoid repeating the error if it is deemed appropriate to prepare the current return.

The CPA should request that the client inform a taxing authority of an error when representing the client in an administrative proceeding.
Failure to obtain permission may result in withdrawal from the engagement and evaluation of the client relationship.

Answer 195

A

• Failure to obtain permission may result in withdrawal from the engagement and evaluation of the client relationship.

Answer 196

A

Tax Services (TS)

• Failure to obtain permission may result in withdrawal from the engagement and evaluation of the client relationship.

Answer 197

A

Tax Services (TS)

• Failure to obtain permission may result in withdrawal from the engagement and evaluation of the client relationship.

Answer 198

A

Tax Services (TS)

• Failure to obtain permission may result in withdrawal from the engagement and evaluation of the client relationship.

Answer 199

A

Tax Services (TS)

A CPA should consider withdrawal from an engagement where a client has failed to correct an error in a prior return and should evaluate a continued relationship with the client.

The CPA should take steps to avoid repeating the error if it is deemed appropriate to prepare the current return.

The CPA should request that the client inform a taxing authority of an error when representing the client in an administrative proceeding.
Failure to obtain permission may result in withdrawal from the engagement and evaluation of the client relationship.

Answer 200

A

Tax Services (TS)

A CPA should consider withdrawal from an engagement where a client has failed to correct an error in a prior return and should evaluate a continued relationship with the client.

The CPA should take steps to avoid repeating the error if it is deemed appropriate to prepare the current return.

The CPA should request that the client inform a taxing authority of an error when representing the client in an administrative proceeding.
Failure to obtain permission may result in withdrawal from the engagement and evaluation of the client relationship.

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AUD 2 Professional Responsibilities and Ethics 7 Flashcards

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