4226096462 - Multiple Choice Questions 3-32(a(4 A partner...

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Multiple Choice Questions 3-32 (a) (4) A partner in the national office of the firm that performs marketing services is not considered a covered member as it is unlikely that this partner will be in a position to influence the attest engagement. Individuals assigned to the attest engagement, all partners in the office, and a manager who provides tax services to the client are all included as covered members. (b) (1) Advertising in newspapers is an acceptable practice. The other three replies are all prohibited by the Code of Professional Conduct . (c) (1) A fee for audit clients which is dependent upon the results achieved by the CPA's efforts is a contingent fee and is prohibited for audit clients by Rule 302. (d) (1) An auditor's independence would not be considered to be impaired with respect to a financial institution in which the auditor maintains a checking account which is fully insured. (e)
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This note was uploaded on 11/19/2010 for the course ACCOUNTING Auditing taught by Professor G during the Spring '10 term at Oakton.

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4226096462 - Multiple Choice Questions 3-32(a(4 A partner...

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