Regarding proper ethical guidelines, which (if any) of the following is correct?
A) The use of client estimates in preparing a return may be acceptable.
B) Under no circumstances should a question on a tax return be left unanswered.
C) If a client has made a mistake in a prior year's return and refuses to correct it, you should withdraw from the engagement.
D) If the exact amount of a deduction is not certain (e.g., around mid-$600s), it should be recorded as an odd amount (i.e., $649) so as to increase the appearance of greater certainty.
E) None of these.

Question

Quizplus · Accepted Answer

The use of client estimates in preparing a return may be acceptable if it is impractical to obtain exact data and the estimates are reasonable and based on the best information available.

Regarding Proper Ethical Guidelines, Which (If Any) of the Following