An Oklahoma CPA provides management advisory services to a large public utility that provides electrical power throughout Oklahoma and is the only supplier of electricity to residential users in Oklahoma.The CPA has been asked to prepare a request for a utility rate increase that will be submitted to state regulators for their approval.The CPA:
A) Has a conflict of interest that should be disclosed to his client
B) Does not have to be concerned about conflicts of interest because the CPA only provides management advisory services
C) Does not have to be concerned about conflicts of interest because utility rates ultimately will be set by independent state regulators
D) Does not have a material conflict of interest because the requested rate increase will apply to all Oklahoma citizens who use this utility's electricity services

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The Answer of An Oklahoma CPA provides management advisory services to a large public utility that provides electrical power throughout Oklahoma and is the only supplier of electricity to residential users in Oklahoma.The CPA has been asked to prepare a request for a utility rate increase that will be submitted to state regulators for their approval.The CPA:
A) Has a conflict of interest that should be disclosed to his client
B) Does not have to be concerned about conflicts of interest because the CPA only provides management advisory services
C) Does not have to be concerned about conflicts of interest because utility rates ultimately will be set by independent state regulators
D) Does not have a material conflict of interest because the requested rate increase will apply to all Oklahoma citizens who use this utility's electricity services

An Oklahoma CPA Provides Management Advisory Services to a Large