Do you believe that the Supreme Court’s opinion overturning the lower court’s decision was appropriate?

Q: State your agreement/disagreement and explain your answer: A taxpayer who intends to challenge an…

A: A person or an entity (such as a corporation) that is compelled to pay a tax is known as a taxpayer.…

Q: 26. In contrast to expert testimony in which the witness is permitted to form conclusions and give…

A: evidence given in court by an expert witness. Unlike other testimony, this evidence may include the…

Q: Any evidence lawfully offered at trial to show a disputed topic and persuade the jury to believe…

A: The answer for the multiple choice question and relevant explanation are presented hereunder : The…

Q: A position with a reasonable basis has which of the following characteristics?   - it is…

A: Taxpayer refers to the entity that has earned the desired income and that is subject to the desired…

Q: How does the auditor’s opinion differ between scope limitationscaused by client restrictions and…

A: The auditor's opinion might be competent by scope limitations brought about by client limitations or…

Q: For what type of actions can clients bring suit against auditors under common law? What must…

A: Given: The clients can bring suit against auditors for breach of contract under common liability…

Q: What will the auditor do in respect of misstatement which in his opinion are immaterial? a. Give…

A: Unmodified Opinion is issued when there are no material misstatements.

Q: In the Eisner v. Macomber tax case, what were the facts of case, court decision, and reasons stated…

A: Eisner v. Macomber case was a tax case that was held before the United States Supreme Court.

Q: . proves that Danson was negligent and legally liable.

A: Contracting refers to the building agreement between two or more persons or parties who is legally…

Q: What is RICO and give an example of a case?

A: The question is based on the concept of Operation management

Q: What is the parol evidence rule, and what is the court’s reasoning in applying the rule? List and…

A: The Parol evidence rule is a doctrine of contract law that prevents parties to a written contract…

Q: the deciosion of court in Eisner v. Macomber tax case and why?

A: Eisner V. Macomber tax case : Case Insight No. : , 252 U.S. 189 (1920), presented before the U.S…

Q: Which common law approach leads to increased CPA liability to "foreseeable" third parties for…

A: CPA is liable to conduct the professional accounting work. He would be responsible for any…

Q: Why might an auditor decide to disclaim an opinion?

A: Audit refers to the process of reviewing the controls and processes that can be used further by the…

Q: A court will uphold any agency rule making decision so long as the agency at issue did not exceed…

A: Agency decision refers to the final order to the decision or the determination of the administrative…

Q: In what circumstances can a taxpayer challenge an assessment outside the ordinary appeal process.…

A: In matters determined by the Regional Trial Court in the exercise of its original jurisdiction, an…

Q: 1. Whenever there is conflict between the Tax Code and the Civil Code, Tax Code will prevail over…

A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: Doctrine of Precedent?

A: Judicial precedent refers to the way in which the law is made and amended through the decisions of…

Q: Is it necessary for the tax agent to use professional skepticism? Alternatively, expert judgment is…

A: Introduction: Auditing is the inspection of a company's financial statements to evaluate whether or…

Q: Unmodified opinion refers to ______

A: In general audit option can be of two major types . They are  a) Unmodified b) Modified Opinion…

Q: Distinguished between an an unmodified opinion, qualified, adverse opinion and disclaimer of…

A: Auditing is the process of identifying, classifying, summarising and analysing financial information…

Q: If this scenario were brought to a NAFTA tribunal, Decom Mat would most likely win. Explain why.

A: NAFTA -North American Free Trade Agreement provides a framework for rule based dispute resolution…

Q: What elements does a plaintiff have to prove to be successful in a case against a negligent…

A: In the case of negligence if the plaintiff wants to sue the defendant for damages incurred…

Q: What are the consequences for a CPA who commits an Act Discreditable?

A: Discreditable: As per the code of conduct, a member will not perform an act discreditable i.e. an…

Q: Which U.S. court's summary opinion may not be treated as precedent for another case? O U.S. Tax…

A: Here given the details of the opinion based decision which are taken consideration for treatment of…

Q: he communications between CPAs and their clients are privileged under federal law. True or False

A: Auditing means the inspection of financial accounts of the company to determine if the records are…

Q: What are your thoughts on tort reform in the United States? Should there be a limit on the amount of…

A: ANSWER   Tort reforms are the proposed changes made in the civil justice system of United States…

Q: In what circumstances can a taxpayer challenge an assessment outside the ordinary appeal process.…

A: Introduction:- A taxpayer is a person or an entity (such as a corporation) who is required to pay a…

Q: What types of actions may an auditor be liable to a client under common law? Why would the clients…

A: Auditor liability is becoming more of a concern, not just in terms of audit quality and the…

Q: The communications between CPAs and their clientse are privileged underfederal law. True or False?

A: CPA and client communication is always very important as it contain very useful information…

Q: What defenses are available to auditors against suits brought by clients under common law? Against…

A: Under common law, clients can bring suits against the auditors and there are various defenses…

Q: Is skepticism necessary for a tax agent? Alternatively, one's expert judgment may suffice

A: An audit is an examination of a company's financial records to determine whether or not they are…

Q: What is the difference between a CPA’s unqualified opinion or “clean” opinion and a qualified one?

A: US GAAP:US GAAP are financial reporting standards provided by FASB, which is a US based board that…

Q: difference between “Public Rulings” Vs “Private Rulings”

A: The revenue collection, tax proceeding, liability reporting, and appeal assessments are…

Q: I. In case of conflict between revenue regulation and the provisions of NIRC, the former shall…

A: National tax is defined as the national internal revenue taxes, which are collected as well as…

Q: What are the major differences in wording for qualified opinions and adverse opinions issued asa…

A:

Q: 4. Which ONE of the following is NOT an advantage of judicial precedent? A Creates consistency В Can…

A: Option B: Can be hard to understand and apply. As judicial precedent are very complex which is a…

Q: A departure from GAAP could lead to a disclaimer of opinion. O True False

A: The acronym for GAAP is Generally Accepted Accounting Principles. GAAP is generally a set of…

Q: Under the U.S. Rules of Evidence, a judge may exclude relevant evidence for a variety of reasons.…

A: When the evidence is unduly prejudicial, even if evidence is relevant, it could be refused by the…

Q: Does the IRS acquiesce on decisions of U.S. district courts?

A: The US Tax courts handle cases relating to income taxes, death taxes and other taxes which relate to…

Q: Do the tax agent need to have a professional scepticism? Or just professional judgement is enough

A: Auditing means the inspection of financial accounts of the company to determine if the records are…

Q: Why are auditors not liable for defamation in connection with his/her audit?

A: Defamation: In auditing, defamation shall mean expressing an inappropriate opinion on financial…

Q: Which of the following best describes preponderance of the evidence? O a. A Constitutional right O…

A: The preponderance of the evidence is the lowest standard of proof. The preponderance of the evidence…

Q: What is the difference between Common Law and Statutory Law?

A: Question is based on the concept of Business management

Q: Does the concept of a progressive (and fair) tax system become undermined by the ability to tweak…

A: Progressive tax system The concept of progressive tax system is simple to collect more taxes from…