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An Acceptable Audit Fee Arrangement Is To

Question 21

Multiple Choice

An acceptable audit fee arrangement is to:


A) accept the client's corporate bond as part payment of an audit fee.
B) quote a fixed fee for an audit, based on an estimate of the total costs to be incurred.
C) quote a discounted fee on the expectation of performing other services for the client.
D) accept a reduced audit fee because the audit firm already performs a wide variety of other services for the client.

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