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Accounting

A CPA's retention of client records as a means of enforcing payment of an overdue audit fee is an action that is :

A. Considered acceptable by the AICPA Code of Professional Conduct.

B. Ill-advised because it would impair the CPA's independence with respect to the client.

C. Considered discreditable to the profession.

D. A violation of generally accepted auditing standards.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M942685

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