Solution 001 Contingent Fees Rule 01 A member in public practice shall not a
Solution Contingent Fees Rule A member in public practice
Solution Contingent Fees Rule A member in
Fees Rule A member in public practice shall not a
Solution Contingent Fees Rule A member
in public practice shall not a
Solution Contingent Fees Rule
Solution Contingent
(Solution) 001 Contingent Fees Rule .01 A member in public practice shall not a.

Category: General
Words: 1050
Amount: $12
Writer:

Paper instructions

1.510.001 Contingent Fees Rule.01 A member in public practice shall nota. Perform for a contingent fee any professional services for, or receive such a fee from a client for whom the member or the member’s firm performs,i. an audit or review of a financial statement; orii. a compilation of a financial statement when the member expects, or reasonably might expect, that a third party will use the financial statement and the member’s compilation report does not disclose a lack of independence; oriii. an examination of prospective financial information; orb. Prepare an original or amended tax return or claim for a tax refund for a contingent fee for any client..02 The prohibition in a. above applies during the period in which the member or member’s firm is engaged to perform any of the services listed above and the period covered by any historical financial statements involved in any such listed services..03 Except as stated in the next sentence, a contingent fee is a fee established for the performance of any service pursuant to an arrangement in which no fee will be charged unless a specified finding or result is attained, or in which the amount of the fee is otherwise dependent upon the finding or result of such service. Solely for purposes of this rule, fees are not regarded as being contingent if fixed by courts or other public authorities, or, in tax matters, if determined based on the results of judicial proceedings or the findings of governmental agencies..04 A member’s fees may vary depending, for example, on the complexity of services rendered. [Prior reference: paragraph .01 of ET section 302] Summarize in 1-2 pages (12-point, double spaced) and give an example of when a contingent fee would be permitted and another example of when a contingent fee would not be permitted under this rule. Please give different examples than the ones in the rule!

Answer

Get Essay Answer
1,200,000+ Questions
Satisfaction guaranteed