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Explain Why There Is a Special Need for Ethical Conduct

question 65

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Explain why there is a special need for ethical conduct in the auditing profession.


Definitions:

Risk-Adjusted Performance

A measure of how much risk is involved in producing a financial return, used to compare the performance of investment portfolios.

Comparison Universe

A benchmark or pool of investments used to evaluate the performance of a specific investment or portfolio.

Mutual Funds

Professionally managed investment initiatives that are bankrolled by stockholders and trade across assorted holdings.

Astronomy

The scientific study of celestial objects, space, and the physical universe as a whole, beyond Earth's atmosphere.

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