hi, please help to understand the issue of contingent fee – study materials are clear: contingent fee is not allowed but Code of ethics says: 240.3 Contingent fees are widely used for certain types of non-assurance engagements. They may, however, create threats to compliance with the fundamental principles in certain circumstances. They may create a self- interest threat to objectivity. …
Good point! they are generally not allowed ……. unless it’s normal practice for that type of assignment. But you have a good point about self-interest threat