Edition 438 – Ethical Standards
An accountant is approached by a potential client for help with their compliance matters. The client is late with their prior year’s tax returns and needs things undertaken as soon as possible. The reason for the hurry is not because the authorities are chasing them up. The client needs finance for a property they’re purchasing and, as part of the loan process, copies of most recent tax returns are required. That, in itself, is probably the first warning sign.