A fiduciary relationship consists of two individuals: the beneficiary and the fiduciary. The fiduciary is entrusted to manage and protect the assets of the beneficiary. In doing so, the fiduciary must fulfill certain duties and act in good faith for the profit of the beneficiary.
Status Accounting honors the duty of good faith and loyalty. This means that our employees must act in a reasonably prudent manner. We require that our employees act on behalf of the business without personal economic conflicts. In other words, Status Accounting and its employees cannot personally benefit from the decisions made as fiduciaries of the business. All our employees act in a conscious manner in regards to their fiduciary responsibilities. This includes advancing the interests of the business, not violating the law, conducting business honestly, and fulfilling all duties.