The following would most likely be a violation of the profession’s ethical standards
A. CPA provides consulting services with a contingent fee based on reducing the client’s tax burden by 5%.
B. CPA provides tax preparation service with a contingent fee based on reducing the client’s tax burden by 5%.
C. CPA represents that consulting services will cost approximately $25,000 when the CPA knew the services would most likely cost twice that amount.
D. CPA provides consulting services and charges less than a competitive rate in order to win the business of the client.
Answer:C
The following would most likely be a violation of the profession’s ethical standards
A. CPA provides consulting services with a contingent fee based on reducing the client’s tax burden by 5%. B. CPA provides tax preparation service with a contingent fee based on reducing the client’s tax burden by 5%. C. CPA represents that consulting services will cost approximately $25,000 when the CPA knew the services would most likely cost twice that amount. D. CPA provides consulting services and charges less than a competitive rate in order to win the business of the client.