Becker & smith, cpas, and its client, troper lighting, are discussing a possible advisory engagement in which the firm would review troper's accounts receivable system and recommend changes that would streamline the company's collection process. troper will pay becker & smith a fee based on improved performance in accounts receivable collections. would this contingent fee arrangement raise any ethical concerns under the profession's rules?

Yes, If Becker & smith also performed a review engagement for troper

Explanation:

If the company already makes a customer review obligation it would add to a conflict of interests to participate into a contingent fee deal.

AICPA explicitly prohibits its participants to join into contingent fee contracts if they still provide audit or assessment of financial statements to such customers.

As a defendant, they pay no attorney fees, until then and until they sue, and then the prosecutor collects a share of your payments for recuperation. The fundamental concept of this contingency fee arrangement is that the defendant has little to no upfront costs. There is no court charge for the prosecutor should you lose your lawsuit.

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.