ADMS 2610 Lecture Notes - Fiduciary

• School: York University
• Department: Administrative Studies
• Course: ADMS 2610
• Professor: Robert Levine

Document Summary

Professional is a person who possess special knowledge or exercises special skills not normally possessed by most individuals. Possession of these skills distinguish the professional from other business persons or service providers: persons who engages the services of the professional will rely on the professional"s expertise to perform the services that they cannot do. Examples of professionals include lawyers, doctors, accountants, engineers and architects. Recognition and determination of professional standards is a difficulty of establishing the professional status. Professional recognition requires the creation of a professional body to establish these skill standards: needs authority to enforce adherence by those who wish to acquire and use the professional designation. Accountants) to perform these duties and enforce the standards for performance. Oversight body must have the authority to revoke the professional designation from persons who fail to maintain the standards of performance for the profession.