An accountant discovers a client deliberately omitted a material asset sale to evade tax and refuses to correct the error. What MUST the accountant do?

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Answer

Warn the client that a Money Laundering Report will be submitted to the police within 24 hours.

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Cease acting for the client and notify HMRC of the cessation, without disclosing the specific reasons.

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Inform HMRC of the exact details of the undisclosed gain immediately.

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Continue acting for the client but refuse to sign the self-assessment return.

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An accountant discovers a client deliberately omitted a material asset sale to e...

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