Commissions and referral fees are allowed to audit firms as long as the audit client is informed of the fees.

Name: Commissions and referral fees are allowed to audit firms as long as the audit client is informed of the fees.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Accepting commissions or referral fees from or paying them to audit clients compromises the auditor's independence, which is a fundamental principle that must be maintained to ensure the integrity of the audit.

Commissions and Referral Fees Are Allowed to Audit Firms as Long