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Commercial Pilot Licence (CPAER) – Canada · Question

According to the CPA Code of Professional Conduct, what is the primary consideration when a CPA is asked to provide a service for which they lack experience or expertise?

A CPA must not undertake to perform any professional service that they cannot reasonably expect to complete with competence, unless they obtain the competence o

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Question: According to the CPA Code of Professional Conduct, what is the primary consideration when a CPA is asked to provide a service for which they lack experience or expertise?

Answer options:

  • The potential for personal financial gain.
  • Whether a competitor could competently perform the service. ✅ Whether they can acquire the necessary competence or associate with someone who has it.
  • The client's willingness to pay a premium for the CPA's services.

Correct answer: Whether they can acquire the necessary competence or associate with someone who has it.

Explanation: A CPA must not undertake to perform any professional service that they cannot reasonably expect to complete with competence, unless they obtain the competence or associate with someone who has it.

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