A common requirement/effect of the commissions and contingent fees rule is:
A) A CPA who accepts such a payment always violates independence
B) The CPA must disclose the acceptance of such a payment to the client
C) A CPA is prohibited from accepting such a form of payment when engaged in attest services for a client
D) All of these

Question

Quizplus · Accepted Answer

A CPA is prohibited from accepting commissions and contingent fees when performing attest services for a client, as it could impair independence.

A Common Requirement/effect of the Commissions and Contingent Fees Rule