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?

Question

Answer

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

Answer

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

Answer

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

Answer

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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