For each of the following situations, (1) decide whether the Code of Ethics has been violated, and (2) briefly explain how the situation violates (or does not violate) the code.
-The audit firm of Ibrahim and Soueif is negotiating a fee with a new audit client. They agree the client will pay US$50,000 if Ibrahim and Soueif issues a clean, unmodified opinion, US$40,000 if a qualified opinion is issued, and only US$20,000 if an adverse opinion is issued.Violation?

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The Answer of For each of the following situations, (1) decide whether the Code of Ethics has been violated, and (2) briefly explain how the situation violates (or does not violate) the code.
-The audit firm of Ibrahim and Soueif is negotiating a fee with a new audit client. They agree the client will pay US$50,000 if Ibrahim and Soueif issues a clean, unmodified opinion, US$40,000 if a qualified opinion is issued, and only US$20,000 if an adverse opinion is issued.Violation?

For Each of the Following Situations, (1) Decide Whether the Code