Question

ethical dilemmas faced by tax accountants.

Answer 1

Answer

Ethical dilemmas faced by tax accountants are-

Independence,

Accepting ofdeduction amount with no proper documentation,

misrepresenting or concealing limitations in one's abilities to provide services,

not determining the accuracy of representations made by the client,

failure to identify the client's needs and recommend services that meet those needs,

undue reliance on prior years' tax returns and workpapers,

failure to plan and supervise engagements,

lack of professional skepticism