A CPA Is Most Likely to Be Held to the Standards

question 29

Multiple Choice

A CPA is most likely to be held to the standards of a fiduciary when she:

• A) Performs tax accounting services
• B) Serves as investment fund manager
• C) Performs attest services other than audits
• D) Performs audits

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Definitions:

Health Care

Services provided to individuals or communities to promote, maintain, or restore health.

Out-Of-Pocket Costs

Direct payments made by consumers for goods, services, or healthcare that are not reimbursed by insurance or other means.

Funding

The act of providing financial resources for a project, business, or any initiative requiring money.

Health Care

The organized provision of medical services, treatment, and preventive measures to maintain or improve health through the diagnosis and treatment of illness, injury, and other physical and mental impairments.