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16. Which of the following statements about tax professional responsibilities is false? a. CPAs who are members of the AICPA are bound by the AICPA

16. Which of the following statements about tax professional responsibilities is false?

a. CPAs who are members of the AICPA are bound by the AICPA Code of Professional Conduct and Statements on Standards for Tax Services.

b. Tax practitioners are subject to substantial adverse consequences by failing to comply with the relevant standards.

c. Circular 230 and the AICPA SSTS are essentially the same.

d. Tax preparers are required by Circular 230 to possess a valid PTIN.

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