The basic rationale for permitting CPAs to accept commissions is that
A) It does not affect independence in attest functions.
B) Professional liability insurance policies permit commission work.
C) State boards of accounting permit commissions and contingent fees.
D) Other professionals charge commissions in personal financial planning engagements.

Question

Quizplus · Accepted Answer

The rationale is that other professionals in similar roles, such as personal financial planning, charge commissions, so CPAs are allowed to do so to remain competitive.

The Basic Rationale for Permitting CPAs to Accept Commissions Is