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Comment on at least two major ethical issues

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Question - Nicholas Fernandes, CGA, started his own public accounting practice in 2013 when the company he had worked for since 2009 went bankrupt and he lost his job. During all the years Nicholas worked for the company, he was only involved in the preparation of simple personal tax returns. Since he started his practice, Nicholas has not yet had the time to take tax courses or seminars in addition to the courses required to register his practice, and he has not purchased any tax-related manuals or subscribed to any tax reporting service.

One of his new clients, Sharon Payne, has consulted him on a complex corporate tax matter involving a foreign affiliate and requires an answer in two days' time.

Required - Comment on at least two major ethical issues Nicholas should consider.

Reference no: EM132595156

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