Answer:
Apply sound judgment to the information provided and document the questions asked and the taxpayer's responses.
Explanation:
Apply good judgment and discretion to the information presented, and have reports of questions and answers to demonstrate the queries raised and the taxpayer's answers.
It can be done in the following ways
1. Assess the data i.e collected from the client
2. Now apply the standard that are consistent
3. Additional enquires should be conducted in the case when there is incomplete information, data etc
