Ethic paper

Ethic paper

Topic:   Ethical Paper will cover one of important topic such as situation in which CPA accountants makes recommendation on investing transaction to his or her client. The recommendation that was made by accountants was to the client to make an investment in the company that CPA accountants is a shareholder in this company. The accountant has an interest in this transaction that could benefit him or her in the future. Therefore, this action will be an ethical conflict of interest between client and accountant.

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Resource:  Internal Revenue Code, Circular 230, or the AICPA Statements on Standards for Tax Services.

First page:  Provide a detailed discussion of the facts of your situation.  Identify the ethical issue that is faced by the tax advisor:

Second page:  Explain the choices that the tax advisor can make in advising the taxpayer, including both the ethical and non ethical   options;

Third and Fourth page:  Explain what resources the tax advisor can use to choose the right option for advising the client. Remember you must use at least one of the following from the lecture on Chapter 17:  The penalty provisions of the Internal Revenue Code, Circular 230, or the AICPA Statements on Standards for Tax Services.    You can cut and paste specific sections of those resources in your analysis, so long as you italicize them and make appropriate references.

Fifth page:  Summarize the conclusion you reached about the advice that the tax advisor should give the client.

 

 

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