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You have been working at a local CPA firm for the last 2 years.At the beginning of the year, you passed the last section of theCPA Exam. Last week, your CPA License came in the mail.Consequently, you have now decided to go into business foryourself. You have some savings and have a line on a bank loan forstart-up costs. Additionally, you do not have a noncompete clausein your employment agreement with your current CPA firm, and youhave your own customers.In your initial post, discuss the following:Explain the authority that you have to practice and what dutiesyou must complete practicing before the IRS.Explain what restrictions, if any, you face in taxpractice.Explain on what ethical grounds you will base your practice andwhere you would draw the line to please your clients.