expand icon
book Law, Business, and Society 9th Edition by Tony McAdams cover

Law, Business, and Society 9th Edition by Tony McAdams

Edition 9ISBN: 978-0073377650
book Law, Business, and Society 9th Edition by Tony McAdams cover

Law, Business, and Society 9th Edition by Tony McAdams

Edition 9ISBN: 978-0073377650
Exercise 21
In 1990 the American Institute of Certified Public Accountants agreed to enforce a change in its ethics rules that allowed its members to accept contingent fees and commissions from nonaudit clients. The agreement was the result of a consent order between the AICPA and the Federal Trade Commission. Likewise, in 1990 the American Institute of Architects signed a consent order with the Justice Department that forbade the Institute from adopting policies that would restrain architects from bidding competitively for jobs, offering discounts, or doing work without compensation.
a. What antitrust violation was the government seeking to stem in both of these cases
b. What defenses were offered by the professions for their policies
Explanation
Verified
like image
like image

a.Price-fixing. b.Architects argue that ...

close menu
Law, Business, and Society 9th Edition by Tony McAdams
cross icon