Which of the Following Statements Best Defines the Standard of Client

question 6

Multiple Choice

Which of the following statements best defines the standard of client interest as per the consulting service standards contained in SSCS No.1?

• A) It requires a member to inform the client of conflicts of interest, significant reservations regarding the scope and benefits of the engagement, and significant findings.
• B) It induces members to disclose any confidential client information without the specific consent of the client.
• C) It urges the members to adhere the standards promulgated by various professional bodies designated by Council.
• D) It requires a member to serve the client while maintaining integrity and objectivity.

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Definitions:

Checkbook Register

A record of all deposits, withdrawals, checks, and transactions made through a checking account.

Cash Control Sheet

A financial document used to track the inflow and outflow of cash within a business to ensure accurate accounting and prevent fraud.

Pegboard System

An organizational tool consisting of a board with holes that can hold pegs or hooks for the purpose of hanging or displaying items.

Trial Balance

An accounting report that lists the balances of all ledgers accounts to check the arithmetic accuracy of bookkeeping entries.