An audit client of Lindsay & Lee, CPA's wants the firm to perform tax services but insists
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An audit client of Lindsay & Lee, CPA's wants the firm to perform tax services but insists that the services be billed only if the client receives certain tax benefits as a result of the firm's services (i.e., a "contingent fee"). If tax benefits were identified, the fee would be 10% of the benefit received. Do you think the fee arrangement presents a conflict? Refer to the applicable Sections of the AICPA Code of Professional Conduct, SEC Regulation S-X, and the PCAOB Ethics and Independence rules in your response.
Related Book For
Auditing a business risk appraoch
ISBN: 978-0324375589
6th Edition
Authors: larry e. rittenberg, bradley j. schwieger, karla m. johnston
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