Question

The profession's ethical standards would most likely be considered to have been violated when the CPA represents that specific consulting services will be performed for a stated fee and it is apparent at the time of the representation that the: Multiple Choice O CPA would not be Independent • fee was a competive bed. fee was a competitive bid. actual fee would be substantially higher. o actual fee would be substantially lower than the fees charged by other CPAs for comparable services. o

Answer 1

Solution:

The profession's ethical standards would most likely be considered to have been violated when the CPA represents that specific consulting services will be performed for a stated fee and it is apparent at the time of the representation that the "actual fee would be substantially higher"

Explanation:

According to Rule 102 of the Code of Professional Conduct, in performing any professional services, a member shall maintain objectivity and integrity, avoid conflicts of interest, and not knowingly misrepresent the facts
b. and d. are not intentional mistakes
a. one must remain objective, independence is not required unless a CPA is performing attest services

Hence option c is correct.