Question

[5] According to the AICPA's standards, which of the following actions should be taken by a member tax preparer who discovers an error in a taxpayer's previously filed tax return? A. Advise the IRS. B. Correct the error. C. Advise the taxpayer. D. End the relationship with the taxpayer. [6] in accordance with Statements on Standards for Tax Services, which of the following is not considered a basis for a good faith belief that a tax retum position may be recommended by a member of the AICPA? A. A low probability that the return will be audited. B. An administrative ruling of the taxing authority. C. A well-reasoned pterpretation of the relevant statute. D. Well-reasoned articles by tax specialists.