In which of the following circumstances would a CA be in violation of the "Rules of Professional Conduct" in quoting a fee to a client?
A)A fee fixed by a court.
B)A fee based on the approval of a bank loan.
C)A fee based on the time estimated to complete the engagement plus out-of-pocket expenses.
D)A fee based on the complexity of the engagement.

Question

Quizplus · Accepted Answer

According to Rule 302 of the "Rules of Professional Conduct," a CA shall not express an opinion or charge a fee based on an agreement that is contingent upon:
(a) The finding or conclusion or success achieved in any litigation or legal proceeding; or
(b) The finding, conclusion or success obtained in any winding up or reorganisation of a corporation or an enterprise; or
(c) The amount of assets, liabilities, profits or losses in any enterprise;
(d) Any work done by other professionals;
(e) The approval of a third party such as a bank for any loan; or
(f) The rate of tax refund.

In Which of the Following Circumstances Would a CA Be