Which approach would a client prefer

Assignment Help Financial Accounting
Reference no: EM13494918

Ethics and Equity

An accountant friend of your tell you that he "almost never" does any tax research because he believes that "research usually reveals that some tax planning idea has already been thought up and shot down". Besides, he points out; most tax returns are never audited by the IRS.
Can a tax advisor who is dedicated to reducing his client's tax liability justify the effort to engage in tax research? Do professional ethics demand such efforts? Which approach would a client prefer?

Furthermore, a friend of yours who is a philosophy major overhead this conversation and declares that all tax research is "immoral." She says that tax research enables people with substantial assets to shift burden of financing public expenditures to those who "get up every morning, go to work, play by the rules, and pay their bills."

How do you respond?

Reference no: EM13494918

Questions Cloud

What purpose does the no-load current of a transformer serve : Explain how a voltage is induced in the secondary winding of a transformer - What purpose does the no-load current of a transformer serve
Find the force needed to hold the bag in its new position : A 115kg mail bag hangs by a vertical rope 3.5m long. Find the force needed to hold the bag in its new position
What is the height of the arrow : YOu would like to shoot an orange out of a tree with your bow and arrow. The orange is hanging 5.00 m above the ground. What is the height of the arrow once it traveled the 55 m horizontally
Find the speed of the released electron far from the nucleus : A photon with energy 0.50 eV is barely capable of causing a photoelectric effect when it strikes a metal plate. Find the speed of the released electron far from the nucleus
Which approach would a client prefer : An accountant friend of your tell you that he "almost never" does any tax research because he believes that "research usually reveals that some tax planning idea has already been thought up and shot down".
Determine the maximum force exerted on the alpha particle : In the Rutherford scattering experiment, 3.30 MeV alpha particles (4He nuclei containing 2 protons and 2 neutrons) scatter off lead nuclei (containing 82 protons and 126 neutrons). Determine the maximum force exerted on the alpha particle
Evaluate the effectiveness of sarbanes-oxley : Identify and discuss controls under each area that can be used to reduce errors in the closing process that will improve accuracy.
Analyze key circumstance that caused impairment of goodwill : As a stakeholder of a company, suggest which financial measurement is most important to current stockholders' net income, or earnings, and comprehensive income. Provide support for your rationale.
Find the maximum force the spring exerts on the glider : On a frictionless, horizontal air track, a glider oscillates at the end of an ideal spring of force constant 4.00. Find the maximum force the spring exerts on the glider

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd