Tax Practitioner Responsibilities and Ethics
Description:
Tax practitioners are under increased regulation as to their tax practices. Both the IRS and
AICPA have increased the responsibilities of practitioners. The IRS imposes penalties for
those who do not follow their regulations. Many practitioners are not aware of how simple
procedures can result in severe disciplinary action.
This course is great to book with CANA4.
Participants will be able to:
• Understand responsibilities that are required by Circular 230
• Understand complex preparer penalties and ways to avoid them
• Understand how the AICPA Code of Professional Conduct, Tax Standards, and
Attestation Standards affect tax practitioners
• Understand the need to properly address (or avoid) client requests for comfort letters
Prerequisites/Advanced Preparation:Basic knowledge
of professional
ethics rules and
regulations
Objectives:
Participants will be able to:
• Understand responsibilities that are required by Circular 230
• Understand complex preparer penalties and ways to avoid them
• Understand how the AICPA Code of Professional Conduct, Tax Standards, and
AttAMation Standards affect tax practitioners
• Understand the need to properly address (or avoid) client requAMs for comfort letters
Prerequisites:
Basic knowledge
of professional
ethics rules and
regulations