For Each of the Following Cases Indicate If the Action $\quad$

question 15

Essay

For each of the following cases indicate if the action by a member CPA is a violation of the AICPA Code of Professional Conduct and cite the relevant rule.
A.Was a trustee of client's profit-sharing trust.
B.Accepted referral fees from local attorneys for nonattest clients with the clients' knowledge.
C.Performed audit in accordance with GASB standards.
D.Advises client to have an insurance review from a local insurance company in which the CPA has a material financial interest.
E.Promoted tax service on local TV station. Inetter $\quad$$\quad$ Relevant Rule $\quad$$\quad$ Violation? (Yes/No)

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Definitions:

Output

The total amount of products or services produced by a company, industry, or economy within a specified period.

Fixed Costs

Costs that do not vary with the level of production or sales, such as rent, salaries, and insurance, remaining constant regardless of the amount of output or sales.

Sunk Cost

A past expenditure that cannot be recovered and should not be considered when making future investment decisions.

Nonrefundable

A term used to describe payments or fees that cannot be returned to the payer under most circumstances.