00:04
Hello students, in this question, we have to state which option is correct regarding circular number 230.
00:09
So, first of all, we will see circular number 230 is a set of rules and regulation which govern the practice of ex -professionals before irs, internal revenue service.
00:31
So, one of the requirements is the rule is conflict of interest.
00:36
So, here option 1 is incorrect.
00:40
While the practitioner should redeem copies of written consent, this is not explicitly stated as requirement for conflict interest.
00:49
So, it is not explicitly stated in the rule.
00:56
So, this option is incorrect.
00:59
Option 2 is correct because the circular number 230 rule on conflict of interest explicitly states that practitioner.
01:10
So, it states explicitly that practitioner may not represent a client if such representation affects another of the practitioner's client...