Typically, trustees and executors must account annually while conservators and guardians account every two years. Few attorneys and CPAs who represent fiduciaries understand how to prepare and present fiduciary Accounting & Auditings. Explore differences between fiduciary Accounting & Auditing and tax and financial Accounting & Auditing.
Real-world examples will be used to move from basic concepts of fiduciary Accounting & Auditing to more complicated aspects of the Uniform Principal and Income Act; and discuss techniques for highlighting the fiduciary's good deeds while mitigating the bad. Also, explore fiduciary fees and the challenges CPAs face when they serve as trustees.