Rule 201,dealing with General Standards That Are Applicable to All

question 11

Multiple Choice

Rule 201,dealing with General Standards that are applicable to all CPAs no matter the type of services that are rendered,does not include which factor?

• A)Due professional care.
• B)Integrity and objectivity.
• C)Planning and supervision.
• D)Sufficient relevant data.

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Definitions:

Unconsummated Transaction

A transaction that has been initiated but not completed or finalized, often due to unmet conditions or mutual agreement.

Tax

A compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization.

Unconsummated Transaction

A trade or deal that has been agreed upon in principle but has not been finalized or executed.

Levied

The act of imposing a tax, fee, or fine.