Statements of Position



Download Full Text (336 KB)


In August 1988, the AICPA Tax Division issued revised Statements on Responsibilities in Tax Practice (SRTPs). The primary purpose of these advisory statements on appropriate standards of tax practice is educational.. SRTP (1988 Rev.) Nos. 6 and 7 included footnotes indicating that future statements would address (1) the effect of retroactive laws, regulations or court decisions and (2) erroneous accounting methods. The proposed revisions included here modify SRTP (1988 Rev.) Nos. 6 and 7 to address these issues. This exposure draft defines an error as any position, omission, or method of accounting that, at the time the return is filed, fails to meet the standards set out in SRTP (1988 Rev.) No. 1. The definition of error also includes a position taken on a prior year's return that no longer meets these standards because of retroactive laws, judicial decisions, or administrative pronouncements. These revisions were approved by both the Responsibilities in Tax Practice Committee and the Tax Executive Committee. After the termination of the comment period, the Responsibilities in Tax Practice Committee will consider what changes will be made to the standards in light of all comments received. The revision to SRTP Nos. 6 and 7 will again be put to the vote of the Responsibilities in Tax Practice and Tax Executive Committees and, if approved in each committee by a two-thirds majority, will become effective.

Publication Date


Relational Format



Tax accounting -- Standards -- United States; Tax consultants -- Professional ethics -- United States; Tax returns -- United States; Accountants -- Legal status, laws, etc. -- United States


Accounting | Taxation


Originally published by: American Institute of Certified Public Accountants; Copyright and permission to reprint held by: American Institute of Certified Public Accountants.

Proposed revisions to Statements on responsibilities in tax practice (1988 revision) nos. 6 and 7,



To view the content in your browser, please download Adobe Reader or, alternately,
you may Download the file to your hard drive.

NOTE: The latest versions of Adobe Reader do not support viewing PDF files within Firefox on Mac OS and if you are using a modern (Intel) Mac, there is no official plugin for viewing PDF files within the browser window.