A CPA Can Accept a Gift from a Client as Long

question 71

Multiple Choice

A CPA can accept a gift from a client as long as:

• A) Adequate safeguards exist to prevent any threats to compliance with the Integrity and Objectivity rule
• B) Adequate internal controls exist in the client entity to ensure gifts are made without any pre-conditions
• C) The amount is below what is considered to be a material payment
• D) Audit services are not provided to the client