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Unformatted text preview: They are expected to be extremely loyal to the person to whom he owes the duty. If we go by what is defined in the definitions of a professional accountant and a fiduciary then I believe a professional accountant could be a fiduciary who also pursues a profit although nowhere in either definition does it say that a professional accountant pursues a profit. So with that being said I believe that a professional accountant would be defined as a fiduciary who acts in the public interest. It is important for a professional accountant to understand the ethical trends so that they will have good ethical decisions which leads to good consequences in the business....
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This note was uploaded on 07/15/2011 for the course ACCT 260 taught by Professor Mickipitcher during the Spring '11 term at University of Phoenix.
- Spring '11