Agency
Under Mississippi law, the duty of accounting requires an agent to:
AFile the client's taxes
BSafeguard and account for all money and property entrusted to them by the client✓ Correct
CProvide the client with a CPA-prepared financial statement
DAudit the opposing party's finances
Explanation
The duty of accounting requires an agent to properly handle, safeguard, and account for all funds and property entrusted to them on behalf of the client, including earnest money and rental proceeds.
Related Mississippi Agency Questions
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