Santosh ChoudharySantosh Choudhary asked 1 year ago
1 Answers
RaviRavi Staff answered 1 year ago

A professional accountant in public practice entrusted with money (or other assets) belonging to others should:
(a) Keep such assets separately from personal or firm assets;
(b) Use such assets only for the purpose for which they are intended;
(c) At all times, be ready to account for those assets, and any income, dividends or gains generated, to any persons entitled to such accounting;
(d) Comply with all relevant laws and regulations relevant to the holding of and accounting for such assets.

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