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7. Charlie failed to exercise due care in the performance of tax and compilation services performed in 2011. Charlie firmly believes that he performed his services with competence and diligence. In his defense, he plans to admit to making one minor error which he says was inadvertent and did not have a material effect on the client’s taxes or financial position. In light of his admission, has Charlie complied with the AICPA code’s standard of due care and why? a. No. He obviously did not discharge his professional responsibilities with competence and diligence. b. No. He did not perform professional services to the best of his abilities. c. Yes. He has chosen to be honest in reporting that he made an error. d. Yes. The AICPA standard for due care does not require CPAs to be infallible
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