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1 Not yet answered Marked out of 2.00 Flag Question Each of the following situations involves a possible violation of the AICPA Code of Professional
1 Not yet answered Marked out of 2.00 Flag Question Each of the following situations involves a possible violation of the AICPA Code of Professional Conduct. For each situation, state the applicable rule of conduct and whether it is a violation. Accounting firm of Rami, CPAs, is negotiating a fee with a new audit client. They agree the client will pay $8,000 as stated fees, and $2000 if the result of the audit is a clean report. Said has a successful dentistry practice in Wasagee. Said has recommended one of his patients to Suha, CPA. To show gratitude for the referral, Suha has agreed to pay Said a token gift of $100. Suha discloses the payment arrangement to her new clients. Choose... Violate-Acts discreditable Contingent Not Violate Accounting principles Violate Contingent Fees Not Violate-Compliance with standards Violate - Accounting principles Not Violate - Independency Not Violate Contingent Fees Violate-Compliance with standards Not Violate Commissions and referral fees
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