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Joint Ethics Enforcement Program - Essay Example

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In the paper “Joint Ethics Enforcement Program” the author focuses on the electronic information era, which has enabled ethics to make its presence felt more capably and emphatically. The American Institute of Certified Public Accountants implements the Joint Ethics Enforcement Program…
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Joint Ethics Enforcement Program
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Extract of sample "Joint Ethics Enforcement Program"

The existence of additional information could prove to be an irritant later on even if it has no relevance. Getting to know one's minimum tax obligation is a good way of organizing precise tax plans and information. Taxpayers need not volunteer more information than what is required. (Blum Shapiro). Coming to the state tax departments, there is the tendency to vigorously pursue statistical data that help to generate maximum revenue. In other words, the state resorts to witch-hunting tactics by using statistical information to maximize revenue when its responsibility lies in ensuring compliance.

Most of these statistical data may have come from extra information unwittingly provided by the taxpayer. With easy access to electronic information and statistical data, there is tremendous potential for the state to uncover purported instances of underpayment. The taxpayer can avert this possibility by confining his statements and figures to only the required level. The ideal option for the state is the use of strategies that ensure compliance. (Rocky B. Cummings).

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Joint Ethics Enforcement Program Essay Example | Topics and Well Written Essays - 500 Words - StudentShare. https://studentshare.org/business/1528843-auditing-taxes.
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