ACCT 3323 Income Taxation Ethics Homework Due by Sunday, December 3rd You are the chair of the Ethics Committee of your state's CPA Licensing Commission. Address each of the following assertions by your membership. For each assertion, state whether it is true or false, and provide an explanation by referring to (Example, SSTS No...) and interpreting controlling AICPA authority. 1. If the client tells you that she paid $500 for office supplies, but has lost the receipts, you should deduct an odd amount on her return (e.g., \$499), because an even amount ($500) would indicate to the IRS that her deduction was based on an estimate. True or False: Explain: 2. If a CPA knows that the client has a material error in a prior year's return, he should not, without the client's consent, disclose the error to the IRS. True or False: Explain: 3. If a CPA's client will not correct a material error in a prior year's return, the CPA should not prepare the current year's return for the client. True or False: Explain: ACCT 3323 Income Taxation Ethics Homework Due by Sunday, December 3rd You are the chair of the Ethics Committee of your state's CPA Licensing Commission. Address each of the following assertions by your membership. For each assertion, state whether it is true or false, and provide an explanation by referring to (Example, SSTS No...) and interpreting controlling AICPA authority. 1. If the client tells you that she paid $500 for office supplies, but has lost the receipts, you should deduct an odd amount on her return (e.g., \$499), because an even amount ($500) would indicate to the IRS that her deduction was based on an estimate. True or False: Explain: 2. If a CPA knows that the client has a material error in a prior year's return, he should not, without the client's consent, disclose the error to the IRS. True or False: Explain: 3. If a CPA's client will not correct a material error in a prior year's return, the CPA should not prepare the current year's return for the client. True or False: Explain