Question
The following is a list of circumstances that a public accounting firm might face. Select the rule that violates the AICPA Code of Professional Conduct.
The following is a list of circumstances that a public accounting firm might face. Select the rule that violates the AICPA Code of Professional Conduct. If no rule is violated, select No Violation. Each rule can be used once, more than once, or not used.
1. A CPA charges an audit fee that depends on the amount of credit that the client obtains as a result of their application for credit to a financial institution.
2. A CPA does not follow generally accepted audit problems in auditing a non-public company.
3. In preparing a tax return, the CPA takes a deduction at the request of the client. The CPA believes that the deduction is not justified.
4. A CPA discloses information about a client as requested as a result of a judicial investigation.
5. The dependent child of a partner in a CPA firm owns ten shares of an audit client.
options:
Non-Violation
Commissions
Independence
Integrity and Objectivity
Discreditable acts
Compliance with standards
Advertising
Accounting principles
Contingent Fees
Confidential information
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