Friday, March 07, 2008


Under which of the following circumstances may a CPA charge fees that are contingent upon finding a specific result?

a. For an examination of prospective financial statements.
b. For an audit or a review if agreed upon by both the CPA and the client.
c. For a compilation if a third party will use the financial statement and disclosure is not made in the report.
d. If fixed by courts, other public authorities, or in tax matters if based on the results of judicial

Correct Ans - d

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