a cpa firm performs the annual audit of the leahy group, a private company. leahy...

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Accounting

a cpa firm performs the annual audit of the leahy group, a private company. leahy asks the firm to determine whether the company would qualify for certain municipal tax credits and prepare the application. the firm will receive 15% of any tax credits that leay obtains as a result of the requested credits; if the request is denied, no fees will be due. leahy expects city officials to perform a substantive review of its client's applicationl which statement best describes why this fee arrangement would be a permissible contingent fee arrangement under the aicpa code of professional conduct

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