Ethically, the auditor could:
a. Advertise only as to his expertise in
preparing income tax returns.
b. Base his audit fee on a percentage of
the proceeds of his client’s stock issue.
c. Perform an examination for a
financially distressed client at less
than his customary fees.
d. Own preferred stock in a corporation
which is an audit client.
a. Advertise only as to his expertise in
preparing income tax returns.
b. Base his audit fee on a percentage of
the proceeds of his client’s stock issue.
c. Perform an examination for a
financially distressed client at less
than his customary fees.
d. Own preferred stock in a corporation
which is an audit client.