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    Auditing A Risk Based Approach
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    Exam 4: Professional Liability, Auditor Judgment Frameworks, and Professional Responsibilities
  5. Question
    Understanding Contingent Fees. A. Define the Term "Contingent Fee
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Understanding Contingent Fees. A. Define the Term "Contingent Fee

Question 81

Question 81

Essay

Understanding contingent fees.
A. Define the term "contingent fee."
B. Explain the circumstances under which a CPA may and may not accept a contingent fee.

Correct Answer:

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A. A contingent fee is defined as a fee ...

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