A violation of the profession's ethical standards most likely occurs when a CPA
a. Purchases another CPA's accounting practice and bases the price on a percentage of the fees accruing from clients over a 3-year period
b. Receives as a commission a percentage of the amounts invested by the CPA's audit clients in a tax shelter with the client's knowledge and approval
c. Has a public accounting practice and also is the owner of a business that offers data processing services to the public
d. Practices in a commercial corporation, a form of organization permitted by state law
Ans: b. Receives as a commission a percentage of the amounts invested by the CPA's audit clients in a tax shelter with the client's knowledge and approval
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