The Bingabong CPA firm is swamped with work and is considering doing some outsourcing of tax work to a third-party service provider (TSP). Which of the following is an accurate statement regarding its responsibilities? Group of answer choices a. Outsourcing work to TSPs can threaten independence, but not objectivity or integrity. b. Outsourcing work to TSPs that provide only administrative support will likely not threaten objectivity and/or integrity. c. If Bingabong uses TSPs to perform substantive services and those TSPs are reputable, it need not inform clients before sharing confidential client information with the TSPs. d. If a client objects to Bingabong outsourcing services, Bingabong should investigate whether the client has legitimate grounds before proceeding.

CONCEPTS IN FED.TAX.,2020-W/ACCESS
20th Edition
ISBN:9780357110362
Author:Murphy
Publisher:Murphy
Chapter6: Business Expenses
Section: Chapter Questions
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The Bingabong CPA firm is swamped with work and is considering doing some outsourcing of tax work to a third-party service provider (TSP). Which of the following is an accurate statement regarding its responsibilities?

Group of answer choices
a. Outsourcing work to TSPs can threaten independence, but not objectivity or integrity.
b. Outsourcing work to TSPs that provide only administrative support will likely not threaten objectivity and/or integrity.
c. If Bingabong uses TSPs to perform substantive services and those TSPs are reputable, it need not inform clients before sharing confidential client information with the TSPs.
d. If a client objects to Bingabong outsourcing services, Bingabong should investigate whether the client has legitimate grounds before proceeding.
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