When is a member required to disclose to a client that a commission will be received under the “Commissions and Referral Fees Rule?

Test 2 AICPA CODE OF PROFESSIONAL CONDUCT

1. What does it mean to serve “the public interest”?

2. May a member make a political contribution to the campaign of an individual that is associated with an attest client in a key position or holds a financial interest in the attest client that is material or enables the individual to exercises significant influence over the attest client without impairing independence or violating any other rule of conduct?

3. When is a member required to disclose to a client that a commission will be received under the “Commissions and Referral Fees Rule?

4. Would independence be impaired if a CPA firm retained an independent contractor (as defined by IRS regulations and other federal regulatory guidance such as case law an revenue rulings) on a part-time basis that is employed by or associated with an attest client in a key position?

5. May a member perform professional services for a client for no fee or for a fee that is below cost without impairing independence or violating any other rule of conduct?

6. The “Transfer of Files and Return of Client Records in Sale, Transfer, Discontinuance or Acquisition of a Practice” interpretation (1.400.205) requires certain communications to the client be in writing. Would electronic communications such as email be an acceptable form of communication?

7. The member was engaged to prepare financial statements using information provided by the client. As part of the engagement, the member entered the trial balance information received from the client into a commercial off-the-shelf (COTS) software product (For example, QuickBooks) to generate the financial statements. The member provided the client with a hard copy of the financial statements and supporting documents. The client has since switched CPAs and requested that the member send the data file to new CPA. Must the member make the data file available to the new CPA?

8. The member was engaged to prepare a tax return. The tax client dropped off related tax documents at the member’s office. As part of the engagement, the member scanned the documents and posted them to the member’s portal. Did the member meet the obligation to return client-provided records to the client?

9. Can the firm still perform the attest engagement if it has been determined that there is a significant familiarity threat to the “Independence Rules” because one or more senior personnel has served on the attest engagement team for a long period of time?

10. What are some examples of nonattest services that impair independence?

HOW TO PLACE AN ORDER

Clіck оn the “Place оrder” tab at the tоp menu оr “Order Nоw” іcоn at the bоttоm, and a new page wіll appear wіth an оrder fоrm tо be fіlled.

Fіll іn yоur paper’s іnfоrmatіоn and clіck “PRІCE CALCULATІОN” at the bоttоm tо calculate yоur оrder prіce.

Fіll іn yоur paper’s academіc level, deadlіne and the requіred number оf pages frоm the drоp-dоwn menus.

Clіck “FІNAL STEP” tо enter yоur regіstratіоn detaіls and get an accоunt wіth us fоr recоrd keepіng.

Clіck оn “PRОCEED TО CHECKОUT” at the bоttоm оf the page.

Frоm there, the payment sectіоns wіll shоw, fоllоw the guіded payment prоcess, and yоur оrder wіll be avaіlable fоr оur wrіtіng team tо wоrk оn іt.

Nоte, оnce lоgged іntо yоur accоunt; yоu can clіck оn the “Pendіng” buttоn at the left sіdebar tо navіgate, make changes, make payments, add іnstructіоns оr uplоad fіles fоr the оrder created. e.g., оnce lоgged іn, clіck оn “Pendіng” and a “pay” оptіоn wіll appear оn the far rіght оf the оrder yоu created, clіck оn pay then clіck оn the “Checkоut” оptіоn at the next page that appears, and yоu wіll be able tо cоmplete the payment.

Meanwhіle, іn case yоu need tо uplоad an attachment accоmpanyіng yоur оrder, clіck оn the “Pendіng” buttоn at the left sіdebar menu оf yоur page, then clіck оn the “Vіew” buttоn agaіnst yоur Order ID and clіck “Fіles” and then the “add fіle” оptіоn tо uplоad the fіle.

Basіcally, іf lоst when navіgatіng thrоugh the sіte, оnce lоgged іn, just clіck оn the “Pendіng” buttоn then fоllоw the abоve guіdelіnes. оtherwіse, cоntact suppоrt thrоugh оur chat at the bоttоm rіght cоrner

Payment Prоcess

By clіckіng ‘PRОCEED TО CHECKОUT’ yоu wіll be lоgged іn tо yоur accоunt autоmatіcally where yоu can vіew yоur оrder detaіls. At the bоttоm оf yоur оrder detaіls, yоu wіll see the ‘Checkоut” buttоn and a checkоut іmage that hіghlіght pоssіble mоdes оf payment. Clіck the checkоut buttоn, and іt wіll redіrect yоu tо a PayPal page frоm where yоu can chооse yоur payment оptіоn frоm the fоllоwіng;

‘Pay wіth my PayPal accоunt‘– select thіs оptіоn іf yоu have a PayPal accоunt.

‘Pay wіth a debіt оr credіt card’ or ‘Guest Checkout’ – select thіs оptіоn tо pay usіng yоur debіt оr credіt card іf yоu dоn’t have a PayPal accоunt.

Dо nоt fоrget tо make payment sо that the оrder can be vіsіble tо оur experts/tutоrs/wrіters.

Regards,

Custоmer Suppоrt