The Following Duties Are Essential to Maintaining a Fiduciary Relationship

question 23

Multiple Choice

The following duties are essential to maintaining a fiduciary relationship in the accounting profession.

• A)Development and maintenance of required knowledge and skills
• B)Maintenance of trust
• C)Maintenance of an acceptable personal reputation
• D)All of the above
• E)a and b only

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Definitions:

Certificate Of Deposit

A savings certificate with a fixed maturity date and specified fixed interest rate, issued by banks to individuals investing money for a period.

Principle Plus Interest

The total amount owed or invested, composed of the original sum (principal) and the earnings on that sum (interest).

Burden Of Proof

To convict a defendant, the duty of the plaintiff or prosecution to establish a claim or allegation by admissible evidence and to prove to the jury or court, beyond any reasonable doubt, that the defendant committed all the essential elements of the crime.

Beyond A Reasonable Doubt

The standard of evidence required to validate a criminal conviction in most courts, denoting a high level of certainty that the accused is guilty as charged.