A member of the AICPA may render which service under a contingent fee arrangement?
a. A CPA audits the financial statements of a company that intends to issue securities for a sale to the public, with the fee contingent upon the proceeds from the sale of the securities
b. A CPA compiles financial statements for a client seeking a loan, with the fee contingent upon the amount the client is able to borrow. The report does not disclose lack of independence
c. A CPA examines prospective financial statements for a client who intends to sell limited partnerships, with the CPA's fee contingent upon the proceeds
d. A CPA proves investment advisory services, with the fee based on a percentage of the client's investment portfolio
Ans: d. A CPA proves investment advisory services, with the fee based on a percentage of the client's investment portfolio
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