Which of the following statements include in the advertising of a CPA firm is permissible according to Rule 502,Advertising and Other Forms of Solicitation.
A) "Bob Bullet, CEO of A-One Corp., states that we are the best auditors his company has ever used."
B) "We provide the best audit coverage of any firm in the state."
C) "We audit the five largest manufacturing companies in the state."
D) "We have several tax partners that work closely with Judges and IRS attorneys on high-profile legal issues."

Question

Quizplus · Accepted Answer

Rule 502 allows CPA firms to advertise their client list as long as they are not misleading or boastful. Statement C is factual and does not make any exaggerated claims.

Answer: D
 Rule 502 allows CPA firms to advertise their expertise and experience as long as it is truthful and not misleading. Statement D is factual and does not make any exaggerated claims. However, it should be carefully worded since it could be interpreted as implying special relationships with judges and IRS attorneys.

Which of the Following Statements Include in the Advertising of a CPA