A common requirement/effect of the commissions and contingent fees rule is:
A)A CPA who accepts such a payment always violates independence
B)The CPA must disclose the acceptance of such a payment to the client
C)A CPA is prohibited from accepting such a form of payment when engaged in attest services for a client
D)All of the above

Question

Quizplus · Accepted Answer

A CPA is prohibited from accepting commissions and contingent fees when performing attest services for a client, as it impairs independence.

A Common Requirement/effect of the Commissions and Contingent Fees Rule