CPA · Question 10 · Area 1: Ethics & Procedures
Regarding the Statements on Standards for Tax Services (SSTS), when may a tax preparer use a client's estimates to prepare a tax return?
Answer options:
Never; actual documentation is always required.
When it is not practical to obtain exact data and the estimates appear reasonable based on the preparer's knowledge.
Whenever the client provides them, as the preparer has no duty to verify.
Only for expenses under .
72 questions · hints · full answers · grading