According to the AICPA Code of Conduct,which of the following acts is generally forbidden to CPAs in public practice?
A) Purchasing bookkeeping software from a hi-tech development company and reselling it to tax clients.
B) Being the author of a "TaxAid" newsletter promoted and sold by a publishing company.
C) Having a commission arrangement with an accounting software developer to receive 4 percent of the price of programs recommended and sold to audit clients.
D) Engaging a marketing firm to obtain new financial planning clients for a fixed fee of $1,000 for each successful contact.

Question

Quizplus · Accepted Answer

According to the AICPA Code of Conduct, CPAs in public practice are generally not allowed to have commission arrangements with third-party vendors. Option A is allowed if the CPA discloses the markup to the client, Option B is allowed if the CPA does not promote it to their own clients, and Option D is allowed as long as the fee is not based on the number of new clients obtained.

According to the AICPA Code of Conduct,which of the Following