Question

The AICPA allows the auditor to perform the following services for an audit client (nonpublic companies):

Option 1: Tax services
Option 2: Legal services
Option 3: Consulting services
Option 4: Advertising services

Answer 1

The AICPA allows auditors to provide tax services, consulting services, and prohibits advertising services for nonpublic companies.

Step-by-step explanation:

The AICPA allows the auditor to perform the following services for an audit client (nonpublic companies):

1. Tax services: The auditor can provide assistance in preparing tax returns and offering tax planning advice.
2. Consulting services: The auditor can offer advice and guidance on financial management, risk assessment, and internal controls.
3. Advertising services: The auditor is not allowed to perform advertising services for an audit client.