Which One of the Following Is Not Required by Rule

question 86

Multiple Choice

Which one of the following is not required by Rule 201?

• A) Obtain sufficient relevant data to afford a reasonable basis for conclusions or recommendations in relation to any professional services performed.
• B) Exercise due professional care in the performance of professional services.
• C) Do not disclose any confidential client information without the specific consent of the client.
• D) Adequately plan and supervise the performance of professional services.
• E) Undertake only those professional services that the member or the member's firm can reasonably expect to be completed with professional competence.

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Definitions:

Net Income

The final amount a company keeps as profit after deducting all costs and taxes from its gross revenue.

Marginal Tax Rate

The rate of tax imposed on your income, corresponding to each applicable tax bracket.

Average Tax Rate

Total taxes paid divided by total taxable income.

Net Working Capital

The difference between a company’s current assets and current liabilities, indicating the liquidity of the business.