The ________ is the main decision-making body of the European Union

While reviewing a new client's prior-year tax returns, a CPA became aware that the client did not properly file all required federal income tax returns. Under Treasury Circular 230, what should the CPA do in this situation?

A. Notify the AICPA of the situation and request a ruling of continuance. B. Notify the Internal Revenue Service of the client's noncompliance. C. Resign from the engagement. D. Advise the client of the consequences of the noncompliance.

Which of the following is most likely to occur if a U.S. firm outsources some of its business operations to a Japanese company, and the Japanese yen strengthens against the dollar?

A) The probability of intellectual property laws being enforced would significantly decrease in Japan. B) The U.S. company will experience additional cost savings in using the services of the Japanese company. C) Outsourcing business operations to Japan would become less expensive. D) The U.S. company will experience higher costs in using the services of the Japanese company.