Question: There are seven Statement on Standards for Tax Services as outlined by the AICPA. Review each of the seven standards and summarize one of them.

There are seven Statement on Standards for Tax Services as outlined by the AICPA. Review each of the seven standards and summarize one of them. In your summary, include an overview of the purpose of the standard, a summary of the statement of the standard, and a summary of the explanation of the standard. Finally, discuss why the standard is important to protect taxpayers and tax professionals.

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