2026 Professional Ethics for Louisiana CPAs in Public Practice (Answer)
Download Handouts for this session.
Discussion Question #16
Which of the following is an example of a gift that would violate ET 1.120.010?
a. Invitation to a social event of a tax client that all vendors of that client receive invitations
b. One week hunting trip to an exclusive private club in Texas to a partner in a CPA firm that is an avid hunter during a period of time that the CPA firm is performing an attest engagement <– Correct Answer
c. A Christmas gift from a client that the client provides to most vendors, valued under $50 USD.
d. Tickets to a high school football Jamboree game that supports local charities.
Watch the video below to see an explanation for the answer.