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Determine morales a member in public practice

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Question 1: Morales. a member in public practice. begins an engagement with Seagar Company by providing a fee estimate of 52.000. At the time that Morales gave the fee estimate to Seagar Company. he was aware that the fees that would be incurred and charged to Seagar Company would be substantially higher, closer to 510.000. Which of the following statements is correct about Morales' actions:

Option A) Morales' actions are perfectly acceptable in a highly competitive market for accounting services

Option B) Morales has done nothing wrong. It is up to the client to determine if a fee estimate is reasonable

Option C) Morales' actions would be considered false. misleading. or deceptive

Option D) Because the $2.000 estimate was just an estimate and not a promise. Morales has done nothing wrong.

Reference no: EM132463147

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