In Which of the Following Circumstances Would a CA Be

question 22

Multiple Choice

In which of the following circumstances would a CA be in violation of the "Rules of Professional Conduct" in quoting a fee to a client?

• A)A fee fixed by a court.
• B)A fee based on the approval of a bank loan.
• C)A fee based on the time estimated to complete the engagement plus out-of-pocket expenses.
• D)A fee based on the complexity of the engagement.

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Definitions:

Business Entrepreneur

An individual who identifies a business opportunity and takes financial risk to establish and manage a new enterprise.

The State

Consists of the institutions responsible for formulating and carrying out a country’s laws and public policies.

Coercive Socio-Political System

A form of governance or societal structure where power is maintained and exercised through force, intimidation, or repression.

Authoritarian Command Apparatus

A structure of governance where power is concentrated in the hands of a single authority or a small group, with strict obedience expected from the populace.