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Accounting of Ethics Profits

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? Is a professional accountant a businessperson pursuing profit or a fiduciary that is to act in the public interest?

? Why is it important for a professional accountant to understand the ethical trends discussed in this chapter?

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Solution Summary

The expert determines if a professional accountant businessperson pursuing profit or a fiduciary in the act of public interest.

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Accounting of Ethics

? Is a professional accountant a business person pursuing profit or a fiduciary that is to act in the public interest?

It is my opinion, based on the historical definition of a fiduciary being an individual (or trust company) vested with the power to manage the assets of another i.e., executors and trustees, an accountant is a professional business person pursuing profit, however there can be no question that a CPA offering advisory services can be ...

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