Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

TN Rules of Professional conduct 1.You are applying for a firm permit using a fictitious name(s). The board may decide the following names are misleading

TN Rules of Professional conduct

1.You are applying for a firm permit using a fictitious name(s). The board may decide the following names are misleading except for:

A.Ray Butler, Jr. & Arthur Anderson, CPAs

B.Shelby County Accounting Services

C.Ray Butler & Karen Condon, CPAs

D.Official Municipal Auditing Firm of Tennessee

2.Which of the following fees are prohibited by the Tennessee State Board of Accountancy Rules of Professional Conduct:

A.A fee fixed by a court or other public authority.

B.A fee related to any tax matter, which is based upon the results of a judicial proceeding or the findings of a governmental agency.

C.A 20% increase of audit fees if there is a favorable opinion issuedon the financial statements during the annual audit.

D.Payments for the purchase of all, or a part, of an accounting practice.

3.A licensee shall not commit any act that reflects adversely on the profession. Which of the following is not a discreditable act:

A.Retention of client records after a demand is made for them.

B.A member complies with applicable federal, state, or local laws or regulations regarding the timely filing of his or her personal tax returns or tax returns of the member's firm.

C.Whenever a member is determined by a court of competent jurisdiction to have violated any of the anti-discrimination laws of the United States.

D.A member makes, or permits or directs another to make, materially false and misleading entries in the financial statements or records of an entity.

4.A licensee may seek to obtain clients by advertising.

A.True

B.False

5.If a licensee relocates their business offices they must:

A.Notify the Board in writing within thirty (30) days.

B.Notify the Board the next time they pay their licensee fees.

C.Let the Board track them down.

D.Notify the Board only if the name of the practice has changed.

http://publications.tnsosfiles.com/rules/0020/0020-03.20161110.pdf

The URL will help you to answer the questions

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: Jamie Pratt, Michael F Peters

11th Edition

1119745322, 978-1119745327

More Books

Students also viewed these Accounting questions

Question

14. Now reconcile what you answered to problem 15 with problem 13.

Answered: 1 week ago