Final answer:
A CPA cannot charge a commission for any audit or attestation services to maintain independence and objectivity. Commission-based fees can create conflicts of interest and compromise the integrity of the process.
Step-by-step explanation:
A CPA cannot charge a commission for any services if they are providing audit or attestation services. This is to maintain independence and objectivity in their work. A commission-based fee structure can create conflicts of interest and compromise the integrity of the audit or attestation process.
or example, if a CPA charged a commission based on the number of financial statements they audited, they might be motivated to provide favorable opinions even in cases where the financial statements are misleading or inaccurate.
Therefore, to ensure unbiased and reliable audit or attestation services, CPA firms typically charge a flat fee or an hourly rate based on the time and effort required to complete the engagement.