question 1. One of the principles for the code of professional conduct for agents, states: ‘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 an activity you are undertaking on behalf of the client.’

question 1.
One of the principles for the code of professional conduct for agents, states:
‘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 an activity you are undertaking on behalf of the client.’
Describe what this means to you in terms of explaining the impact of taxation on the individual.

question 2
Who is likely to be held responsible if a tax agent wilfully included false information, of which the client had no knowledge, in a tax return?
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