A CPA can accept a gift from a client as long as:
A) Adequate safeguards exist to prevent any threats to compliance with the Integrity and Objectivity rule
B) Adequate internal controls exist in the client entity to ensure gifts are made without any pre-conditions
C) The amount is below what is considered to be a material payment
D) Audit services are not provided to the client

Question

Quizplus · Accepted Answer

A CPA can accept a gift from a client as long as adequate safeguards exist to prevent any threats to compliance with the Integrity and Objectivity rule, as stated in the AICPA Code of Professional Conduct. The CPA must ensure that their independence and objectivity is not compromised in any way.

A CPA Can Accept a Gift from a Client as Long