A CPA Firm Should Decline an Offer to Perform Consulting

question 69

Multiple Choice

A CPA firm should decline an offer to perform consulting services engagement if

• A)the proposed engagement is not accounting related.
• B)recommendations made by the CPA firm are to be subject to review by the client.
• C)acceptance would require the CPA firm to make management decisions for an audit client.
• D)any of the above is True.

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Definitions:

Social Context

The immediate physical and social setting in which people live or in which something happens or develops.

Situational Context

The environmental, social, or psychological circumstances that surround a specific event or situation, influencing its outcome.

DSM-5

The fifth edition of the Diagnostic and Statistical Manual of Mental Disorders, a classification and diagnostic tool for mental health professionals.

DSM-IV-TR

The fourth edition, text revision of the Diagnostic and Statistical Manual of Mental Disorders, a guide used by clinicians to diagnose mental disorders.