Comment on the AICPA's Statements on Standards for Tax Services. To whom do the standards apply? Are they binding or merely advisory?
The Statements are enforceable standards of practice for AICPA members who are involved in a Federal or state/local tax practice. Others are subject to a state's ethical rules applicable to CPAs and to those contained in Circular 230, as well as the penalty provisions included in the Code.
You might also like to view...
A corporation has 50,000 shares of $25 par stock outstanding. If the corporation issues a 3-for-1 stock split, the number of shares outstanding after the split will be
a. 150,000 shares b. 50,000 shares c. 100,000 shares d. 16,666 shares
Which of the following approaches to calculating customer value creates a scale that puts survey responses in monetary terms?
A) dollarmetric method B) chi square testing C) conjoint analysis D) regression analysis
If a business operates in an industry that experiences significant cost changes, it would be to its benefit to use the first-in, first-out (FIFO) method
Indicate whether the statement is true or false
A wise professor crafts a midterm that is beautiful to behold, painful to take, and a chore to grade
The first exam takes almost an hour and a half to grade (89 minutes and 24.7 seconds to be precise) but the second one takes only seventy-six minutes to complete. Realizing that learning effects are at work, the professor looks at his social calendar and spots an important social engagement at this time on the following day, exactly 24 hours from now. How long will it take to grade the third exam? How long will it take to finish grading exams for the entire class of 30 students? What will be an ideal response?