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Can a CPA ever get paid on a commission basis?

User Kbariotis
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Final answer:

CPAs are typically paid a salary or hourly wage to preserve objectivity and independence, but may receive commissions in certain regulated circumstances that do not compromise their professional duties.

Step-by-step explanation:

The question whether a CPA can ever get paid on a commission basis is related to ethical standards and regulations in the accounting profession. Generally, CPA (Certified Public Accountant) compensation is predominantly salary or hourly-based to maintain objectivity, independence, and to adhere to the ethical standards set forth by governing bodies such as the American Institute of CPAs (AICPA) and state boards. However, there are scenarios where a CPA could receive commissions, such as when they are providing services that do not directly relate to their CPA professional duties, like selling a product or a non-accounting service. But these circumstances are tightly regulated due to the potential conflict of interest and threat to objectivity and independence. If a CPA wishes to engage in commission-based transactions, they must ensure alignment with all relevant ethical rules, which vary depending on the jurisdiction and the nature of the services offered.

User Shobha
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