What Does "Competent Representation" Require, According to the Model Rules

question 20

Essay

What does "competent representation" require, according to the Model Rules ? ​

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Definitions:

Financial Accounting

The field of accounting concerned with summarizing, analyzing, and reporting financial transactions related to a business to external users.

Managerial Accounting

The field of accounting that focuses on providing information to managers for use in planning, decision-making, and operational control.

External Users

Individuals or entities outside of a company who use its financial statements, such as investors or creditors.

Internal Users

These are individuals or groups within an organization who use financial and other data in directing and controlling its operations; they include management, employees, and internal auditors.