What must be verified before agreeing to be Sarika's tax adviser?

Before agreeing to become Sarika's tax adviser, it is essential to verify her identity and address. This step is critical for several reasons. Firstly, confirming a client's identity ensures compliance with anti-money laundering regulations and other legal requirements, which mandate that tax advisers know who they are working with. Additionally, verifying her address is important for establishing a clear line of communication and ensuring that all correspondence regarding her tax matters can be effectively managed.

While understanding Sarika's income level, prior tax returns, and financial statements may be relevant for providing tailored advice once the relationship is established, these elements do not satisfy the fundamental requirement to ensure that the adviser is dealing with the correct individual. Therefore, verifying her identity and address is a critical and necessary first step in the advisory process.