Description of this paper

ACC - CEPROC Statutes




Question;You are a new CGA, and have a review engagement with ERI to prepare taxes for 20X2. Assume that, in reviewing the financial statements for 20X1, you discover that net income was understated by a very high amount, which significantly impacts the corporation?s taxes payable for the year. When you call this to the attention of the company?s accountant, you are told that your responsibility is to deal with taxes for 20X2, not 20X1.What should you do? Identify the CEPROC statutes you should consider in dealing with this ethical dilemma.


Paper#40109 | Written in 18-Jul-2015

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