Discreditable Acts

Question 1

Name two discreditable acts that involve taxation.

Answer 1

1. )Not filing a tax return

2. )Failing to pay a tax liability

Question 2

Name the four categories of records in the records request rules

Answer 2

1. )Client‐provided records
2. )Member‐prepared records
3. )Member’s work products
4. )Working papers

Question 3

How long do accountants have to produce records after a client has requested them?

Answer 3

45 days, absent unusual circumstances

Question 4

Which type of records should be promptly delivered to the client even if the client has not paid its bill?

Answer 4

Client‐provided records

Question 5

What should members not solicit?

Answer 5

CPA exam questions and answers

Question 6

Name a discreditable act that can happen after you’re fired.

Answer 6

Removing client files or proprietary information

Question 7

Which type of record necessarily belongs to the member and almost always need not be produced upon request?

Answer 7

Working papers

Question 8

List four circumstances when work products may be withheld from a requesting client.

Answer 8

1. )Fees are due for the specific work product.
2. )The work product is incomplete.
3. )To comply with professional standards.
4. )If threatened or outstanding litigation exists.