Accounting for the Cost of Compensated Personal Absences â FAR reference 31.205-6 â CAS 412. Composition and Measurement of Pension Cost â FAR reference 31.205-12 â CAS 413. Adjustment and Allocation of Pension Cost â FAR reference 31.205-12 â CAS 415. Accounting for the Cost of Deferred Compensation â FAR reference 31.205-6
A fiduciary duty is the obligation to act in the best interests of another party in financial matters. The members of a company board, for example, should act in the interests of the shareholders, whom they represent. The manager of a family trust has the obligation to work in the best interests of the family, who as clients are trusting him to carry out needed transactions and legal obligations.
Duty of Care â duty to disclose the risks and benefits of the proposed treatment, and any material or special risks associated with the treatment to be determined in relation to the circumstances of each case.. The fiduciary duties of directors of a corporation include the duty of care and the duty of loyalty.The duty of care refers to the responsibility of a corporate fiduciary to exercise, in the performance of his or her tasks, the care that a reasonably prudent person would use under similar circumstances.uty of Care â duty to disclose the risks and benefits of the proposed treatment, and any material or special risks associated with the treatment to be determined in relation to the circumstances of each case.. The fiduciary duties of directors of a corporation include the duty of care and the duty of loyalty.