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Which statement is accurate under the Circular No. 230 rule on conflicts of interests? a) The practitioner should send copies of written consents to IRS, if requested b) The practitioner is barred from representing a client if the practitioner is personally conflicted c)The practitioner may not represent a client if a conflict of interest exists, regardless of circumsances d) The practitioner should retain copies of written consents for at least 24 months from the date that representation fo client confluded

Which statement is accurate under the Circular No. 230 rule on conflicts of interests? a) The practitioner should send copies of written consents to IRS, if requested b) The practitioner is barred from representing a client if the practitioner is personally conflicted c)The practitioner may not represent a client if a conflict of interest exists, regardless of circumsances d) The practitioner should retain copies of written consents for at least 24 months from the date that representation fo client confluded

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Which statement is accurate under the Circular No. 230 rule on conflicts of interests? a) The practitioner should send copies of written consents to IRS, if requested b) The practitioner is barred from representing a client if the practitioner is personally conflicted c)The practitioner may not represent a client if a conflict of interest exists, regardless of circumsances d) The practitioner should retain copies of written consents for at least 24 months from the date that representation fo client confluded
Transcribed Image Text:Which statement is accurate under the Circular No. 230 rule on conflicts of interests? a) The practitioner should send copies of written consents to IRS, if requested b) The practitioner is barred from representing a client if the practitioner is personally conflicted c)The practitioner may not represent a client if a conflict of interest exists, regardless of circumsances d) The practitioner should retain copies of written consents for at least 24 months from the date that representation fo client confluded
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