assume that an auditor makes an agreement with a client that the audit fee will be contingent upon the number of days required to complete the engagement. is this a violation of the aicpa code of professional conduct​? what is the essence of the rule of professional conduct dealing with contingent​ fees, and what are the reasons for the​ rule? question content area bottom part 1 a. ​no, any contingent fee is allowed through the code of professional conduct provided it is clearly written in the engagement letter. the contingent fees rule states that contingent fees are allowed for audit fee arrangements because this allows the audit firm and the client to have a greater working relationship. b. ​yes, an audit fee contingent upon the number of days required to complete an engagement is in violation of the contingent fees rule. it states that contingent fees are only allowed for nonattestion services that are performed for​ non-audit clients. this adheres to the independence between the audit firm and the client. c. ​yes, no contingent fees are allowed regardless if the fee is based upon the amount of time it takes to complete the​ audit, or if the fee is contingent upon an opinion. the contingent fees rule prohibits all form of contingent fees when dealing with the relationship between audit firms and clients to ensure the auditors remain independent upon the outcome of the financial statements. d. ​no, a fee based upon the amount of time it takes to complete an engagement is not a violation. the contingent fees rule prohibits an agreement whereby no fee will be charged for clients receiving assertion opinions unless a specific finding or result is​ attained, or where the fee is otherwise contingent upon the findings or results of such services. the purpose of the rule is to prevent sacrificing the quality of audits because of the pressure felt by the auditor in producing the required audit outcome.