According to the AICPA Code of Conduct, which of the following acts is generally forbidden to CPAs in public practice?a. Purchasing bookkeeping software from a high-tech development company and resellingit to tax clients.b. Being the author of a “TaxAid” newsletter promoted and sold by a publishing company.c. Having a commission arrangement with an accounting software developer to receive4 percent of the price of programs recommended and sold to audit clients.d. Engaging a marketing firm to obtain new financial planning clients for a fixed fee of$1,000 for each successful contact.
According to the AICPA Code of Conduct, which of the following acts is generally forbidden to CPAs in public practice?a. Purchasing bookkeeping software from a high-tech development company and resellingit to tax clients.b. Being the author of a “TaxAid” newsletter promoted and sold by a publishing company.c. Having a commission arrangement with an accounting software developer to receive4 percent of the price of programs recommended and sold to audit clients.d. Engaging a marketing firm to obtain new financial planning clients for a fixed fee of$1,000 for each successful contact.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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According to the AICPA Code of Conduct, which of the following acts is generally forbidden to CPAs in public practice?
a. Purchasing bookkeeping software from a high-tech development company and reselling
it to tax clients.
b. Being the author of a “TaxAid” newsletter promoted and sold by a publishing company.
c. Having a commission arrangement with an accounting software developer to receive
4 percent of the price of programs recommended and sold to audit clients.
d. Engaging a marketing firm to obtain new financial planning clients for a fixed fee of
$1,000 for each successful contact.
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