purple pen on business graphs
Resources

Prudent Practices for Investment Advisors and Investment Stewards

Dec 05, 2017 · 1 min read

SECTION

EXCLUSIVE

Resource

available

A fiduciary has a legal duty to act solely in the best interests of the beneficiary. While an accountant normally is not considered to be a fiduciary to his or her clients, the AICPA Professional Code of Conduct embodies standards of conduct which are closely analogous to a fiduciary relationship—objectivity, integrity, free of conflicts of interest and truthfulness. Accountants who provide audit services cannot be held to a fiduciary standard given their duty to the public.

Courts have found that

Download the Prudent Practices for Investment Advisors

File name: handbook-advisors.pdf

Download the  Prudent Practices for Investment Stewards

File name: handbook-stewards.pdf

Download the Legal Memorandums for Prudent Investment Practices

File name: legal-memoranda-2011.pdf

Reserved for PFP Section Members

Already a PFP Section Member?

Log in with your account
 
Forgotten email
Forgotten password

Not a PFP Section Member?

To gain access to exclusive content, your first step is to join the AICPA & CIMA.

Discover the benefits of:

Related content