1 I should not offer a service when the client is unethical. 2 I should not offe

Question

1 I should not offer a service when the client is unethical.
2 I should not offer series to an attest client when there is a conflict of interest.
3 There are few guidelines in the profession to guide accountants in this decision.
4 Profit should not be the only consideration in determining the services to offer a client.
5 None of the above.

In professional accounting practice, one of the most important decisions to consider is when to offer a service to a client. Which of the following statements is FALSE? (Points : 6)

Explanation / Answer

The correct option is 3. There are few guidelines in the profession to guide accountants in this decision.

On the contrary, there are copious guidelines issued by IFAC, AICPA and other professional accounting bodies, rule-based, case-based and otherwise, for guiding accountants on the grounds to decide as whether to offer srvices to a client or not.

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