Question
SECTION B (15 marks) A prospective client (none of the partners know him) has enquired as to whether we will look after a large sum
SECTION B (15 marks) A prospective client (none of the partners know him) has enquired as to whether we will look after a large sum of money he is expecting to receive shortly. He informs us that he is going on a nine month hike across Kilimanjaro and will not be able to look after these funds himself. He says that the money will be transferred to the firms bank account on 31 October and that we can invest it as we see fit. The fee he is offering is very, very generous.
REQUIRED: Can you advise us of any Code of Professional Conduct requirements we should be aware of? (15 marks)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started