THE US Securities and Exchange Commission (SEC) has asked the American Institute of Certified Public Accountants (AICPA) to review its guidelines upon tax-related contingency fees.
THE US Securities and Exchange Commission (SEC) has asked the American Institute of Certified Public Accountants (AICPA) to review its guidelines upon tax-related contingency fees. Further complicating the debate in the US regarding tax services, the SEC believes existing legislation fails to obviate conflicts of interest arising between accounting firms and clients.
Accounting firms using contingency recompenses receive payments from clients
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