According to the AICPA Code of Conduct, which of the following acts is generally forbid-den to CPAs
Question:
a. Purchasing bookkeeping software from a high- tech development company and reselling it to tax clients.
b. Being the author of a “TaxAid” newsletter promoted and sold by a publishing company.
c. Having a commission arrangement with an accounting software developer to receive 4 percent of the price of programs recommended and sold to audit clients.
d. Engaging a marketing firm to obtain new financial planning clients for a fixed fee of $ 1,000 for each successful contact.
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Step by Step Answer:
a Incorrect No rule forbids reselling products for profit b Incorrect Authorship itse...View the full answer
Answered By
Anurag Agrawal
I am a highly enthusiastic person who likes to explain concepts in simplified language. Be it in my job role as a manager of 4 people or when I used to take classes for specially able kids at our university. I did this continuously for 3 years and my god, that was so fulfilling. Sometimes I've skipped my own classes just to teach these kids and help them get their fair share of opportunities, which they would have missed out on. This was the key driver for me during that time. But since I've joined my job I wasn't able to make time for my passion of teaching due to hectic schedules. But now I've made a commitment to teach for at least an hour a day.
I am highly proficient in school level math and science and reasonably good for college level. In addition to this I am especially interested in courses related to finance and economics. In quest to learn I recently gave the CFA level 1 in Dec 19, hopefully I'll clear it. Finger's crossed :)
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Related Book For 
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
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