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What Is the REA Model? What Does It Mean for Accountants

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What is the REA model? What does it mean for accountants?


Definitions:

Client Engagement

Client engagement refers to the activities and strategies used by an organization to maintain and enhance the relationship with its clients.

Duty of Care

A legal obligation imposed on an individual requiring that they adhere to a standard of reasonable care while performing any acts that could foreseeably harm others.

Course of Action

A plan, strategy, or sequence of activities designed to achieve a specific goal or outcome.

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