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1 March, 02:40

A CPA can accept a gift from a client as long as:

Adequate safeguards exist to prevent any threats to compliance with the Integrity and Objectivity rule

Adequate internal controls exist in the client entity to ensure gifts are made without any pre-conditions

The amount is below what is considered to be a material payment

Audit services are not provided to the client

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  1. 1 March, 03:39
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    A:Adequate safeguards exist to prevent any threats to compliance with the Integrity and Objectivity rule
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