The profession's ethical standards would most likely be considered to have been violated when a CPA
a. Continued an audit engagement after the commencement of litigation against the CPA alleging excessive fees filed in a stockholder's derivative action.
b. Represented to a potential client that the CPA's fees were substantially lower than the fees charged by other CPAs for comparable services.
c. Issued a report on a financial forecast that omitted a caution regarding achievability.
d. Accepted a consulting engagement concerning data processing services for which the CPA lacked independence.
Answer: C
CPA Exam
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