Question

Which of these tasks that Jenna performs does NOT represent the fiduciary duty of accounting?

a. She avoids commingling trust funds with her firm's operating funds.
b. She discloses the terms of the listing agent's compensation to her client.
c. She meticulously manages all her clients' transactional paperwork.
d. She properly records the earnest money her buyer client gave her.

Answer 1

Among the given tasks, the one that does NOT represent the fiduciary duty of accounting is disclosing the terms of the listing agent's compensation to her client.

Step-by-step explanation:

The fiduciary duty of accounting refers to the responsibility of an accountant to act in the best interests of their clients and maintain their trust. Among the given tasks, the one that does NOT represent the fiduciary duty of accounting is option b - disclosing the terms of the listing agent's compensation to her client. This task falls under the duty of transparency and ethical conduct rather than fiduciary duty.