How are competence and due care best described?
A)Competence and due care both refer to public accountants (PAs)doing their best for their clients.
B)Competence refers to technical ability;due care refers to strictly following official pronouncements of accounting principles.
C)Competence is knowing what do;due care is doing it to the best of one's abilities.
D)Competence and due care both refer to ongoing technical training.

Question

Quizplus · Accepted Answer

Competence refers to having the necessary knowledge and skills to perform a task, while due care is the level of performance expected from a professional in carrying out their responsibilities. Therefore, competence is knowing what to do, and due care is doing it to the best of one's abilities.

How Are Competence and Due Care Best Described