1 / 9

Tax Practice, Regulation, and Ethics

Tax Practice, Regulation, and Ethics. Elements of tax practice Rules and ethics in tax practice Circular 230 AICPA Code of Professional Conduct AICPA Statements on Standards for Tax Services (SSTS) Sarbanes-Oxley and taxation Non-regulatory ethical behavior models Tax research by CPAs.

travis
Download Presentation

Tax Practice, Regulation, and Ethics

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Tax Practice, Regulation, and Ethics • Elements of tax practice • Rules and ethics in tax practice • Circular 230 • AICPA Code of Professional Conduct • AICPA Statements on Standards for Tax Services (SSTS) • Sarbanes-Oxley and taxation • Non-regulatory ethical behavior models • Tax research by CPAs

  2. Sarbanes-Oxley and Taxation • Auditors may not provide certain services to audit clients • Sarbanes-Oxley Act of 2002 lists nine such prohibited services • Tax services may be provided if approved in advance by the audit committee

  3. PCAOB Rules on Auditor Ethics and Independence Concerning Tax Services • Prohibits participation in certain tax-motivated transactions • IRS has already identified as problematic • Must be kept secret • Don’t meet standard of at least 51% chance of being allowable • Preserves ability of a public company to use auditor for garden-variety tax planning advice and compliance assistance • Important to small- and medium-sized companies that lack extensive in-house tax resources

  4. Tax Practice, Regulation, and Ethics • Elements of tax practice • Rules and ethics in tax practice • Circular 230 • AICPA Code of Professional Conduct • AICPA Statements on Standards for Tax Services (SSTS) • Sarbanes-Oxley and taxation • Texas State Board of Public Accountancy • Non-regulatory ethical behavior models

  5. TEXAS STATE BOARD OF PUBLIC ACCOUNTANCY

  6. Sources of Ethical Behavior and Impacts

  7. Tax Practice, Regulation, and Ethics • Elements of tax practice • Rules and ethics in tax practice • Circular 230 • AICPA Code of Professional Conduct • AICPA Statements on Standards for Tax Services (SSTS) • Sarbanes-Oxley and taxation • Non-regulatory ethical behavior models

  8. Nonregulatory Ethical Behavior Models • Morality • Social responsibility • Business ethics • Tax planning ethics • Other ethical standards

More Related