Which of the following is true regarding advertising

9. Which of the following is true regarding advertising and solicitation?
a. Advertising, but not solicitation, by individual professional accountants in public practice is
permitted in the Philippines.
b. It is clearly desirable that the public should be aware of the range of services available
from a professional accountant.
c. Solicitation, but not advertising, by individual professional accountants in public practice is
permitted in the Philippines.
d. A professional accountant in public practice in the Philippines, where advertising is
prohibited, may advertise in a newspaper or magazine published in a country where
advertising is permitted.
10. Publicity by individual professional accountants in public practice is acceptable provided:
d
Yes
Yes
No
 It avoids frequent repetition
of, and any undue prominence
being given to the name
of the professional accountant
2 | P a g e

Yes
11. Which statement is incorrect regarding professional fees? 12. The Rules of Conduct will ordinarily be considered to have been violated when the professional
accountant represents that specific consulting services will be performed for a stated fee and it is
apparent at the time of the representation that the
a. Actual fee would be substantially higher.
b. Actual fee would be substantially lower than the fees charged by other professional
accountants for comparable services
c. Fee was a competitive bid.
d. Professional accountant would not be independent.