A CPA firm can receive a commission from a nonattestation client as long as the situation is disclosed, ensuring transparency and avoiding conflicts of interest. Options A and B are generally prohibited due to the potential for impairing independence. Option C is incorrect because CPAs can receive referral fees under certain conditions, such as disclosure and consent.

Solved

A CPA Firm

Question 137

Multiple Choice

A CPA firm

A) can sell securities to a client for whom they perform an attestation service.
B) can receive a commission for a client that they are engaged to perform an attestation service for.
C) cannot receive a referral fee for recommending the services of another CPA.
D) can receive a commission from a nonattestation client as long as the situation is disclosed.

Correct Answer: