An accountant who is not a CPA:
A) Will never be considered a fiduciary
B) Always is considered a fiduciary during the course of providing professional services
C) Will likely be considered to be a fiduciary during the course of preparing monthly adjusting entries for small, unsophisticated business owners
D) Will likely be considered to be a fiduciary if the accountant provides financial planning services to clients and sells them sophisticated tax-sheltered insurance policies

Question

Quizplus · Accepted Answer

An accountant providing financial planning services and selling sophisticated products like tax-sheltered insurance policies is likely to be considered a fiduciary due to the trust and reliance placed on their expertise by clients.

An Accountant Who Is Not a CPA