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vagabundo
2 months ago
13

Martina advises her tax client, Breslin Baked Goods, to disclose a matter by attaching a special form to its corporate tax retur

n. Breslin refuses and threatens to replace Martina with another CPA. Which statement best describes what Martina should do under the tax profession's ethics standards in this situation? Consider whether to withdraw from the engagement and reevaluate the relationship. Terminate the engagement and report Breslin to the IRS Office of Professional Responsibility. Draft a memo for the files indicating that Breslin is a difficult client File the return in the manner specified by the client (without the disclosure).
Business
1 answer:
Mariulka [3.8K]2 months ago
7 0

Answer: Martina needs to create a memo to document that Breslin is a challenging client.

Explanation: According to the ethical standards in tax practice, it is essential to comply with the regulations governing the profession, particularly those set by the AICPA (American Institute of Certified Public Accountants). This implies that to maintain ethical conduct, one's practice must adhere to established professional guidelines.

Since Martina is obligated to act ethically and uphold her client's interests, she must communicate as per her client's wishes while noting that Breslin is problematic to ensure her disclosure appears professional and to protect her license.

Failing to manage a difficult client may be regarded as unprofessional. It is also seen as unprofessional for Martina to contemplate quitting or being dismissed due to inadequate job performance.

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