Auditing And Assurance Services
17th Edition
ISBN: 9780134897431
Author: ARENS, Alvin A.
Publisher: PEARSON
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Question
Chapter 4, Problem 15RQ
To determine
State the purpose of the AICPA code of Professional Conduct restriction on commissions.
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Which of the following is prohibited by the AICPA Code of Professional Conduct?
What are the section in the Code of Ethics for Professional Accoountants that has Prohibitions?
Under what circumstances can a CPA be paid on a commission basis? Why do you think the regulation impose these restrictions?
Chapter 4 Solutions
Auditing And Assurance Services
Ch. 4 - Prob. 1RQCh. 4 - Describe an ethical dilemma. How does a person...Ch. 4 - Prob. 3RQCh. 4 - Prob. 4RQCh. 4 - Prob. 5RQCh. 4 - Prob. 6RQCh. 4 - Prob. 7RQCh. 4 - Prob. 8RQCh. 4 - Prob. 9RQCh. 4 - Prob. 10RQ
Ch. 4 - Prob. 11RQCh. 4 - Prob. 12RQCh. 4 - Prob. 13RQCh. 4 - Prob. 14RQCh. 4 - Prob. 15RQCh. 4 - Prob. 16RQCh. 4 - Prob. 17RQCh. 4 - Prob. 18.1MCQCh. 4 - Prob. 18.2MCQCh. 4 - Prob. 18.3MCQCh. 4 - Prob. 19.1MCQCh. 4 - Prob. 19.2MCQCh. 4 - Prob. 19.3MCQCh. 4 - Prob. 20.1MCQCh. 4 - Prob. 20.2MCQCh. 4 - Prob. 20.3MCQCh. 4 - Prob. 21DQPCh. 4 - Prob. 22DQPCh. 4 - Prob. 23DQPCh. 4 - Prob. 24DQPCh. 4 - Prob. 25DQPCh. 4 - Prob. 26DQPCh. 4 - Prob. 27DQPCh. 4 - Prob. 28DQPCh. 4 - Prob. 30CCh. 4 - Prob. 31CCh. 4 - Prob. 32C
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- Which statement best describes a requirement in the AICPA Code of Professional Conduct that applies when you receive a commission or a referral fee for referring a client to another service provider?arrow_forwardThe AICPA Code of Professional Conduct will ordinarily be considered to have been violated when the CPA represents that specific consulting services will be performed for a stated fee and it is apparent at the time of the representation that the:arrow_forwardWhat penalties can be imposed by the AICPA and the state societies on CPAs in their “selfregulation” of ethics code violators?arrow_forward
- The AICPA Code of Professional Conduct derives its authority from the Bylaws of the AICPA. True or Falsearrow_forwardUnder what circumstances is a CPA required to notify a client that a CPA is licensed by the California Board of Accountancy? What are the permissible means of making this notification? Why do you think this is a requirement?arrow_forwardWhat ethical responsibilities do members of the AICPA have for acts of nonmembers who are under their supervision (e.g., recent college graduates who are not yet CPAs)?arrow_forward
- What does coverage IA employee dishonesty coverage form be cover?arrow_forwardWhat are the prohibitions in the Code of Ethics for Professional Accountantsarrow_forwardWhat factors will the courts take into account when deciding whether a person is an employee or an independent contractor? Explain why this distinction is important.arrow_forward
- Does the organization conduct pre-employment backgroundchecks to identify previous dishonest or unethical behavior?arrow_forwardWhat must an accountant have under the AICPA Code of Professional Conduct?arrow_forwardUnder the AICPA Code of Professional Conduct, which of the following rules is not applicable to CPAs in business? A. Integrity and objectivity B. General standards C. Independence D. Acts discreditablearrow_forward
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