Which of the following is prohibited by the AICPA Code of Professional Conduct?

Question

Quizplus · Accepted Answer

Charging and accepting a contingent fee for a financial statement review engagement is prohibited by the AICPA Code of Professional Conduct. A contingent fee is a fee that depends on the outcome or result of the service provided, which may compromise the objectivity and independence of the CPA.

Option A is not prohibited by the AICPA Code of Professional Conduct, but there are certain rules and requirements that must be followed in advertising.

Option B may create a conflict of interest and impair the independence of the CPA, but it is not always prohibited.

Option D is not related to professional conduct and is a normal business transaction.

Which of the Following Is Prohibited by the AICPA Code