You are a registered bookkeeper and a member of the Institute of Certified Bookkeepers, bound by their policies and procedures, and the Code of Professional Conduct.

A bookkeeping client has been running a new business for nine months. His turnover for the current year is $71,000. You have advised the client his turnover is almost at the threshold for Goods & Services Tax (GST) registration, and he will need to issue tax invoices when he is registered. The client tells you he will apply for GST registration next year and asks you to continue processing his invoices, in the same way, until then.

1. Research the Institute of Certified Bookkeepers Code of Professional Conduct found in LEARN. In the space below, list the points of the Fundamental Principles that apply to your role in this scenario.

2. Under the General rules of the Institute of Certified Bookkeepers Code of Professional Conduct, if you do not comply with the requirements of the rules, what will this constitute? Write answer in the space below.

3. What feedback will you provide to the client? Explain 

Answer rating: 100% (QA)

Based on the Institute of Certified Bookkeepers ICB Code of Professional Conduct heres how it applie... View the full answer