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Forensic Accounting

Category - Fundamental Forensic Knowledge

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A CPA is barred from charging contingent fees in case of:

Audit engagement
Client’s objection
Court’s objection
All of the above

Explanation

Answer: A - The AICPA prohibits practitioners to charge contingent fees in case of audit engagement. They are, however, allowed to charge such fees in case of litigation engagement.

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Forensic Accounting

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Forensic Accounting

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