A Violation of the Profession's Ethical Standards Would Most Likely

question 22

Multiple Choice

A violation of the profession's ethical standards would most likely have occurred when a CPA:

• A)purchased a bookkeeping firm's practice of monthly write-ups for a percentage of fees received over a three-year period.
• B)made arrangements with a bank to collect notes issued by a client in payment of fees due.
• C)named Smith formed a partnership with two other CPAs and used "Smith & Co." as the firm name.
• D)issued an unqualified opinion on the 2011 financial statements when fees for the 2010 audit were unpaid.

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Definitions:

Unconditional Love

Love without conditions or limitations, typically seen as an ideal form of affection one might have for another person.

Observable Behaviors

Actions or reactions that can be noticed, measured, and recorded by an observer.

Self-Actualizers

Individuals who have fulfilled their potential and achieved the highest level of human growth and self-realization.

Spontaneity

The quality of being impulsive or unpredictable in one's actions or decisions.