Question

Selden has provided sage tax advice to QRS Co. for many years. QRS has invited Selden to join its board of directors. Which of the following is advice that Selden should heed? Because as a tax professional he need not worry about independence, it is perfectly fine for Selden to join the QRS board. Because Selden's position as a director will be fully disclosed, he need not worry about threats to objectivity. If QRS wishes to tap Selden's expertise, it would probably be preferable to have him serve as a consultant to the QRS board rather than to join the board as a member. It would never be acceptable for Selden to serve on the QRS board.

Answer 1

If ORS wishes to tap Selden's expertise ,it would be preferable to have him serve as a consultant to the QRS board rather than joining the board as a member

Step-by-step explanation:

The conduct of professionals are guided by a set of rule called code of ethics so that they can be well guided in certain situation at any time in the point of duty.

The five fundamental principle of the code of conduct are objectivity , professional behavior , professional competence and due care , integrity and confidentiality.

In this scenario , the objectivity of of Selden is threatened if he joins the board and still continue to carry out the tax advisory service.

The situation is better managed if he serves as a consultant to the board members.