When a practitioner discovers an error in a client's prior return, AICPA tax ethics rules require that an amended return immediately be filed.

Question

Quizplus · Accepted Answer

AICPA tax ethics rules do not require an amended return to be filed immediately; they require the practitioner to inform the client of the error and the potential consequences, but the decision to amend is up to the client.

When a Practitioner Discovers an Error in a Client's Prior