A CPA Has Been Asked by an Engaged Couple to Help

question 2

Multiple Choice

A CPA has been asked by an engaged couple to help them budget the amount that they can afford to spend on their upcoming wedding.Both the groom and the bride approached the CPA together and met with him together.The CPA has no prior relationship with either of these individuals.The groom and the bride each have agreed to pay one-half of the CPA's fees.The CPA:

• A) Currently does not have an accountant-client conflict of interest, but must be alert to the possibility that one will arise
• B) Currently does not have a dual-client conflict of interest, but must be alert to the possibility that one will arise
• C) Currently has a conflict of interest and should not accept this professional engagement
• D) Currently has a conflict of interest, and should agree to render professional services to this couple only if they give their specific consent to waive this conflict of interest

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Definitions:

Inorganic Compound

A chemical compound that lacks carbon-hydrogen bonds, typical of non-living chemical systems.

Organic Compound

A chemical compound containing carbon atoms bonded to other elements like hydrogen, oxygen, or nitrogen, fundamental to life on Earth.

Nonionic Compound

A chemical compound that does not ionize in water, exhibiting no electric charge.

Glucose

A simple sugar that is an important energy source in living organisms and is a component of many carbohydrates.