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Susan Small CA Has Medium Corporation as an Audit Client

Question 1

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Susan Small CA has Medium Corporation as an audit client.Medium asked Small to create and install a new computerized payroll system.Because Small does not have the appropriate level of expertise, she referred Medium to Compusystems, Inc., a local software consulting company.Small has an arrangement with Compusytems wherein she is paid ten percent of any fee received by Compusystems from her referrals.Small has disclosed this to her client.
Required:
The situation above may involve a violation of one of the rules of professional conduct of the ICAO.State the rule in question and explain why or why not there is a violation of the rule.You need not refer to the rule number but should clearly describe the rule in question.

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