Exercising your Ethics
Give and Take with Accounting Clients
CPAs provide valuable services for their clients, both businesses and individuals. Although it’s important to make clients happy, accountants have additional considerations when preparing financial statements and tax returns.
Aaron Ault is the owner of a small contracting business. In late January 2018, he delivered original expense and income records so that his CPA, Katrina Belinski, could prepare 2017 financial statements and tax returns for Ault’s small business firm. Several weeks later, Katrina delivered the completed financial statements and tax return to Ault. Aaron was pleased with the financial statements but realized that he was going to owe a lot ...
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