Question: 14. According to the ethical standards for the profession, which of the following fee arrangements is prohibited? a. A fee for a review of financial

14. According to the ethical standards for the profession, which of the following fee arrangements is prohibited?

a. A fee for a review of financial statements that is based on time spent on the engagement.

b. A fee for a review of financial statements that is based on time spent and a premium for the risk involved.

c. A fee for a review engagement that is based on a fixed fee of $5,000.

d. A fee for a review engagement that varies depending on the amount of financing that the company may obtain.

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