CPA Ontario should remove its general prohibition against PAs taking commissions and contingent fees because a. CPAs
Question:
CPA Ontario should remove its general prohibition against PAs taking commissions and contingent fees because
a. CPAs prefer more price competition to less.
b. Commissions and contingent fees enhance audit independence.
c. The Charter of Rights will force the change anyway.
d. Objectivity is not always necessary in accounting and auditing services.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 33% (3 reviews)
c The Char...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Auditing An International Approach
ISBN: 978-1259087462
7th edition
Authors: Wally J. Smieliauskas, Kathryn Bewley
Question Posted:
Students also viewed these Business questions
-
The AICPA removed its general prohibition of CPAs taking commissions and contingent fees because a. CPAs prefer more price competition to less. b. Commissions and contingent fees enhance audit...
-
1. State the facts that led Kaiser to contract with the union concerning the affirmative action training program. 2. What did the Court state was the question before it? 3. Do you believe that the...
-
1. Do strikes by public employees result in public employers making extraordinary concessions? 2. State the rule of the case. [Since 1973, the district and Local 660 have bargained concerning wages,...
-
At the end of Year 1, Clayton Company had $7,000 of cash, $8,500 land, $2,500 of liabilities, $4,000 of common stock, and $9,000 of retained earnings. During Year 2, Clayton experienced the following...
-
The following data were taken from the balance sheet of Gostkowski Company at the end of two recent fiscal years: a. Determine for each year (1) the working capital, (2) the current ratio, and (3)...
-
Find all points (x, y) where f (x, y) has a possible relative maximum or minimum. Then, use the second-derivative test to determine, if possible, the nature of f (x, y) at each of these points. If...
-
In 2014, Javier Ramos decided to open seafood restaurants in California and Texas. Ramos claims that he was describing the crusted glaze applied to cooked seafood to his friend Ivan Murillo when...
-
The Flamingo Grill is an upscale restaurant located in St. Petersburg, Florida. To help plan an advertising campaign for the coming season, Flamingos management team hired the advertising firm of...
-
5. If you were to connect an ammeter to measure current in the circuit at points A, B, and C how would the readings compare? (Do not connect ammeter yet) Explain the reasoning for your prediction....
-
Your employer, a large MNC, has asked you to assess its transaction exposure. Its projected cash flows are as follows for the next year: Danish krone inflows equal DK50,000,000, while outflows equal...
-
Which of the following bodies does not have any power to punish individual members for violations of the rules of professional conduct? a. CPA Canada b. Canada Revenue Agency c. OSC d. CPA Ontario
-
PA Smith is the auditor of Ajax Corporation. Her audit independence will not be considered impaired if she a. Owns $1,000 worth of Ajax shares. b. Has a husband who owns $2,000 worth of Ajax shares....
-
In the U.S. News & World Report top-50 U.S. law schools in Exercise 2.67, the listing for each school included two rating scores: one from academic evaluators and another from lawyer/judge...
-
Divestitures Why would a firm wish to sell off its assets? If the sold divisions are so bad, why are buyers found for them?
-
Should international capital budgeting projects be assessed from the perspective of a multinationals subsidiary, or from the parent company? Are there any circumstances under which this would change?...
-
Explain the acquisition method of accounting for mergers and acquisitions. What effect does expensing merger costs have on the viability of a potential merger or acquisition?
-
Review the variables and decision rule in Altmans Z -score model. Why do you think these variables are important in predicting financial distress? Is Altmans Z-score successful in correctly...
-
How is it possible that dividends are so important, but at the same time dividend policy is irrelevant? When a dividend is paid, give some reasons why the share price decline may not be the same as...
-
Book Company's only asset as of January 1, 2017, was a copyright. During 2017, only the following three transactions occurred: Royalties earned from copyright use, $500,000 in cash Cash paid for...
-
Ball bearings are widely used in industrial applications. You work for an industrial food machinery manufacturer and your role is to design the driveshaft assembly on a new type of equipment that...
-
How does the auditors decision on materiality relate to audit risk?
-
How can the risk model be expanded to incorporate limitations to the audit that arise from accounting and other business risks?
-
Explain the business riskbased approach to the audit. What is its purpose?
-
There are two tabs to the excel Spreadsheet (also found on Wiley, but you are better off using the one attached to this assignment) . The first tab is the tab where you will place the ratios for the...
-
1. What is the par value of each common share? 2. What is the number of issued common shares at the end of fiscal year 2022? What is the number of outstanding common shares at the end of fiscal year...
-
Find log5,log4, and log20. Show that log20=log5+log4. What property of logarithms does this equality illustrate? What property of exponentiation does this property come from?
Study smarter with the SolutionInn App