In preparing a tax return, a CPA should verify to the penny every item of information submitted by a client about its deduction for repairs and maintenance.

Question

Quizplus · Accepted Answer

A CPA is expected to exercise due diligence and apply professional judgment in preparing a tax return, but they are not required to independently verify every detail to the penny. They generally rely on the information provided by the client, unless it appears incorrect, incomplete, or inconsistent.

In Preparing a Tax Return, a CPA Should Verify to the Penny