Question: An accountant performs bookkeeping services for a trust fund. When the manager of the trust fund decided to change brokerage firms, the accountant recommended that

An accountant performs bookkeeping services for a trust fund. When the manager of the trust fund decided to change brokerage firms, the accountant recommended that the client shift to a particular stock brokerage. The stock brokerage agreed to give the accountant a one-time fee equal to 1% of the trust fund's securities investments. The accountant disclosed this fee to the client and obtained the client's approval. Did the accountant's actions comply with the Code of Conduct?

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