The AICPA removed its general prohibition of CPAs taking commissions and contingent fees because a. CPAs prefer
Question:
a. CPAs prefer more price competition to less.
b. Commissions and contingent fees enhance audit independence.
c. Nothing is inherently wrong about the form of fees charged to non-audit clients.
d. Objectivity is not always necessary in accounting and auditing services.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 68% (16 reviews)
a Incorrect CPAs generally prefer to compete on the basis of qualit...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
Question Posted:
Students also viewed these Auditing questions
-
In this mini-case, you will determine overall materiality as well as tolerable misstatement amounts for balance sheet accounts of EarthWear Clothiers, Inc. Most auditing firms use a simple approach...
-
Central Corporation has six sales people. The following sales results by quarter for the year are given below: Total Quarter 1 Quarter 2 Quarter 3 Quarter 4 Annual Sales Sales Sales Sales Sales Task...
-
Purchased a piece of Striploin weighing 12.5 Lb., Trim and fat was 30% of the weight. Determine the Yield % for the trimmed Tenderloin and the fat. Trim/fat = 30%, Portion Size is 9 oz.sirloin,...
-
FIGURE P15.62 is a top view of an object of mass m connected between two stretched rubber bands of length L. The object rests on a frictionless surface. At equilibrium, the tension in each rubber...
-
Delta Corporation purchased three assets during 2013: a new automobile costing $60,000, used office furniture costing $600,000, and a warehouse costing $850,000 (of which $100,000 is for the land)....
-
For the emitter-stabilized network of Fig. 5.171: a. Determine AvNL Zi and Zo. b. Sketch the two-port model of Fig. 5.63 with the values determined in part (a). c. Determine AVL and AVs. d. Change RS...
-
Explain why time-based budgeting is essential for cost control.
-
Journalize the following sales transactions for Austin Mall. Explanations are not required. Jan. 4 Sold $10,000 of antiques on account, credit terms are 1/15, n/30. Cost of goods is $5,000. 8...
-
An air filled parallel plate capacitor has plates of area 2 . 4 0 cm ^ 2 separated by 2 . 6 0 mm the capacitor is connected to an 1 1 . 0 V battery. Find the value of its capacitance in pF What is...
-
Foster's considered that Southcorp's share price had traded above its fundamental value for a considerable period before the takeover offer, because it was expected to become a takeover target. The...
-
Phil Greb has a thriving practice in which he assists attorneys in preparing litigation dealing with accounting and auditing matters. He is practicing public accounting if he a. Uses his CPA...
-
CPA Kara Rambo is the auditor of Ajax Corporation. Her audit independence will not be considered impaired if she a. Owns $ 1,000 worth of Ajax stock. b. Has a husband who owns $ 1,000 worth of Ajax...
-
How should HR planning involve a comparison to competitors? What critical data are required?
-
In the beverage industry, the latest sales declines are astonishing. But not surprising. Your Task. Identify the sentence fault (fragment, run-on sentence, comma splice). Then revise to remedy the...
-
Which sentence is more emphatic? Why? a. For many reasons hamburgers are definitely American. b. Hot, fast, and affordable hamburgers are a uniquely American triumph. Your Task. For each of the...
-
Calorie-counting Americans are backing away from sugary soda, but they are also fleeing diet soda. Your Task. For each of the above numbered sentences, select the letter that identifies its type: a....
-
Although PepsiCo signed Beyonc to endorse its soft drinks. Sales continued to plummet. Your Task. Identify the sentence fault (fragment, run-on sentence, comma splice). Then revise to remedy the...
-
Study the numbered sentences in the following poorly written e-mail message. In teams or in a class discussion, identify specific sentence faults. To: Sierra.Maldonado@gmail.com From:...
-
Use an algebraic approach to find the roots of the function g(y) = y - 4y +3
-
The diameter of a sphere is 18 in. Find the largest volume of regular pyramid of altitude 15 in. that can be cut from the sphere if the pyramid is (a) square, (b) pentagonal, (c) hexagonal, and (d)...
-
Morgan Corporation opened the year 20X6, with the following trial balance information: January's transactions are listed below: (a) Create the general ledger accounts, and enter the initial balances...
-
Georgie Costanza, CPA, is auditing the accounts receivable of Vandalay Industries and is considering the use of MUS techniques. Costanza has a number of questions regarding the use of MUS and has...
-
Required: Refer to the mini- case Unhealthy Accounting at HealthSouth on page C14 and respond to question 6. On page C14 HealthSouth concealed the fraud by keeping the fraudulent transactions below $...
-
In what stage of the audit is variables sampling used?
-
The current time 15 September 15, 2008. The manager of a $500 million short-term loan portfolio would like to use Eurodollar futures to hedge uncertainty of interest receipts. The interest rate on...
-
How do you design a database schema for a simple e-commerce application ? Explain
-
What is a database transaction, and what properties should a transaction have (ACID properties) ? Explain
Study smarter with the SolutionInn App