Outsourcing of tax preparation to foreign countries is in the news again. The AICPA Professional Ethics Executive Committee with the help of a task force it had appointed, issued an exposure draft on outsourcing.
Under the proposal, a CPA must inform the client that he or she may be using a third-party service provider when providing professional services to the client, prior to sharing confidential client information with that service provider. The proposal indicates that the CPA is responsible for all work performed by the service provider.
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