Which of the Following Is Acceptable Under the AICPA Rules

question 30

Multiple Choice

Which of the following is acceptable under the AICPA Rules of Conduct?

• A) Using the name of a past owner in the firm name of a successor organization.
• B) Receive a commission from one client for recommending the products or services of another client.
• C) A firm may advertise itself as "Members of the American Institute of Certified Public Accountants", as long as at least one of its CPA owners is a member.
• D) Perform any professional services for a contingent fee for a client for whom the member performs an audit or review of the financial statements.

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Definitions:

Agent

An individual or entity authorized to act on behalf of another (the principal) in dealings with third parties.

Contract Remedies

Legal solutions provided in case of a breach of contract, including compensation, specific performance, and rescission, designed to address or correct the breach.

Tort Remedies

Legal solutions available in tort law for injuries or damages, including restitution, damages compensation, and injunctive relief.

Agent Duties

Obligations that an agent owes to their principal, including acting in the principal's best interest, with care, loyalty, and confidentiality.