In: Accounting
When a member of the AICPA prepares a taxpayer's federal income tax return, the member has the responsibility to
A. be an advocate for the entity's position
B. Verify the data to be used in preparing the return.
C. Take a position of independent neutrality
D. Argue the position of the Internal Revenue Service
The correct answer is A
THIS QUESTION ILLUSTRATES THAT THE ROLE OF A TAX ACCOUNTANT IS VERY DIFFERENT
THAN THAT OF AN INDEPENDENT AUDITOR. DISCUSS HOW THE TWO DIFFERENT IN THE FOUR DIMENSIONS OF THE FOUR ANSWERS.