FEES

Question 1

contingent fees can’t be done for

Answer 1

attest work
audit
compilation
examination of FS

Question 2

mipp may not perform a tax return for a

Answer 2

contingent fee

Question 3

contingent fee

Answer 3

fee you get at the end depends on the service provided.

Question 4

contingent fee exclusion

Answer 4

dolled out by courts or other public authorities. ok to accept then

Question 5

may do tax work for nonattest clients and receive a ______. unless specified by irs etc

Answer 5

contingent fee.

Question 6

commission and referral fee are prohibited for

Answer 6

attest clients

are permitted for other types of clients but must be disclosed. this tells clients that you are getting paid so they may want to shop around.

a members spouse may receive a commission from an attest client if she is not involved in the business

Question 7

if you own it you can sell it without
may subcontract a service to another person and mark up the cost of the services to the client with out being considered commission

Answer 7

disclosure