AICPA Code of Professioanl Conduct Independence
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YouTubeFarhat Lectures. The # 1 CPA & Accounting Courses
AICPA Code of Professioanl Conduct Independence
In this video, I discuss the independence rule under the AICPA cost of Professional conduct. ️Accounting students and CPA Exam candidates, check my website for additional resources: https://farhatlectures.com/ 0:00 Introduction This video explains the AICPA rules for auditor independence, particularly for private companies (0:02 ...
3.5K viewsAug 17, 2023
AICPA Code of Professional Conduct AICPA Code Explained
Which statement best describes a requirement in the AICPA Code of Professional Conduct that applies when you receive a commission or a referral fee for referring a client to another service provider?a. You must monitor the delivery of that other service to the client.b. You must mention the fee arrangement to your firm's liability carrier.c. You must provide your client a written disclosure about the fee.d. You must tell the client verbally that you will be receiving a fee.
Which statement best describes a requirement in the AICPA Code of Professional Conduct that applies when you receive a commission or a referral fee for referring a client to another service provider?a. You must monitor the delivery of that other service to the client.b. You must mention the fee arrangement to your firm's liability carrier.c. You must provide your client a written disclosure about the fee.d. You must tell the client verbally that you will be receiving a fee.
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