A CPA's Retention of Client Records as a Means of Enforcing

question 65

Multiple Choice

A CPA's retention of client records as a means of enforcing payment of an overdue audit fee is an action that is:

• A)Considered acceptable by the AICPA Code of Professional Conduct.
• B)Ill advised since it would impair the CPA's independence with respect to the client.
• C)Considered discreditable to the profession.
• D)A violation of generally accepted auditing standards.

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Definitions:

Retribution

A principle of justice that suggests punishment should be proportionate to the crime committed as a form of moral vengeance.

Criminal Punishment

The legal process by which an individual who has been found guilty of a crime is subjected to a penalty imposed under the law.

Sex Offenses

Crimes that involve illegal or coerced sexual conduct against another individual.

Convictions

Legal judgments where a person is found guilty of a crime after a trial.