What should you do in response to raya decision

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Reference no: EM133594964

Question: You have discovered that a new client of yours, Raya, has made a mistake on a previous year's tax return. The year involved in the mistake is currently "open" (i.e., the statute of limitations on assessment has not yet expired). However, upon informing Raya of the error and the potential consequences of the error, she has decided not to amend his return to correct the mistake. 1) Is Raya legally obligated to amend? 2) As a CPA, what should you do in response to Raya's decision?

Reference no: EM133594964

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