Which of the following statements included 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 who work closely with judges and IRS attorneys on high-profile legal issues."

Question

Quizplus · Accepted Answer

Statement C is permissible as it is a factual statement about the number of companies the CPA firm audits.

Answer: A, D 
 Statements A and D are not permissible as they include testimonials or imply a special relationship with judges and IRS attorneys. Statement B may be misleading as it makes a subjective claim without evidence to support it.

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