The Unauthorized Practice of Law Includes

question 15

Multiple Choice

The unauthorized practice of law includes:

• A) negotiating settlements and conducting client interviews.
• B) making strategy decisions in client matters and setting fees.
• C) accepting cases and assisting at depositions

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Definitions:

FASB

Refers to the Financial Accounting Standards Board, which is the organization responsible for establishing accounting and financial reporting standards in the United States.

Service Business

A company that provides intangible products or services to customers, as opposed to selling physical goods.

Managerial Accounting

A field of accounting focused on providing information to internal users to aid in decision-making, planning, and controlling operations.

Financial Accounting

The field of accounting that focuses on tracking and reporting the financial transactions of a business, resulting in the creation of financial statements.