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-Offer opportunities to discuss these legislative requirements. 9.You must take reasonable care in ascertaining a client’s state of affairs, to the extent that ascertaining the state of those affairs is relevant to a statement you are making or a thing you are doing on behalf of a client.10.You must take responsible care to ensure that taxation laws are applies correctlyto the circumstances in relation to which you are providing advice to a client.e.Other responsibilities – 11.You must not knowingly obstruct the proper administration of the taxation laws.12.You must advice you client of the client’s rights and obligations under the taxation laws that are materially related to the BAS services you provide.13.You must maintain the professional indemnity insurance that the Board required you to maintain14.You must respond to requests and directions from the Board in a timely, responsible and reasonable manner. Taken from – “” 2Under the Code of Professional Conduct, what action should you take if you become aware of discrepancies between what the client has told you and some of the documentation that you have examined? 100–120 wordsAs a part of the professional code of conduct in the Tax Agent Services Act 2009 (TASA). Under this code we need to make sure that we take reasonable care such as:1.In ascertaining a clients’ state affairs that is relevant to a statement you make or a thing you do on behalf of a client (code item 9)2.In ensuring taxation laws are applied correctly to the circumstances in relation to which youprovide advice to a client (code item 9).
If the client provides information that you consider to be credible and consistent with previous statements and we don’t have any basis for a doubt, we can use our professional judgment to accept the information without checking. If the information that client provides seems not credible or inconsistent with previous statements, we need to start an investigation to look on this matter further. Once the investigation has been decided, we need to notify the client within two weeks. The actions that TPB can take are:Provide additional informationAppear before the Board and provide evidenceTake possession and copy documentsKeep all documents for further investigations3A professional client for whom you have acted for many years has provided documents and claims for an overseas trip that was taken to attend a conference. You have prepared the tax return on thebasis of that information.When the client comes in to sign the tax return they talk about the overseas trip and show you photographs of the family holidaying around Europe after the conference.