When an Accountant Acts as a Trustee of a Split-Interest

question 19

Multiple Choice

When an accountant acts as a trustee of a split-interest trust,which of the following fiduciary duties applies to the accountant?

• A) Only the duty of impartiality
• B) Only the duty of care
• C) Only the duty of loyalty
• D) All of the above

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Definitions:

Hazardous Waste Disposal

The process of safely disposing materials that are dangerous to human health or the environment in compliance with regulatory standards.

Environmental Protection Agency

A government agency responsible for the regulation and enforcement of laws aimed at protecting the environment.

Vibrations

Oscillations or rapid motions back and forth or up and down, often referenced in physics, engineering, and environmental contexts.

Rail System

A network of tracks, stations, and supporting infrastructure for trains, providing transportation for passengers and freight.