A CPA Acting as an Executor of an Estate

question 26

Multiple Choice

A CPA acting as an executor of an estate:

• A) Owes a duty of loyalty to the deceased
• B) Owes a duty of loyalty to the deceased's heirs
• C) Owes a duty of loyalty to the deceased's closest living relative
• D) Owes a duty of prudent management, but does not owe a duty of loyalty

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Definitions:

Christopher Wren

An English architect who is recognized for his role in rebuilding London after the Great Fire of 1666, notably designing St. Paul's Cathedral.

Palladian

Referring to a style of architecture inspired by the works of the Venetian architect Andrea Palladio, characterized by symmetry and classical forms.

Saint Paul's

A renowned Anglican cathedral in London, England, famous for its dome, designed by Sir Christopher Wren.

Thirty Years' War

A series of conflicts in Central Europe between 1618 and 1648, primarily fought over religious freedom and territory, but also involving dynastic concerns.