Flexible Fiduciary Accounting from the Outset of Administration
Robert Whitman
At the first meeting of the National Fiduciary Accounting Project in 1970, a decision was reached that the project would work toward unifying fiduciary accounting practice nationally by creating a set of Uniform Principles and Model Account Formats that would serve as one way to properrl account by a so-called Charge and Discharge Statement. Most state statutory provisions in the United States calling for fiduciary accountings are based on Charge and Discharge Fiduciary Accounting. This type of...