Chapter 20 » 20.64

Honesty and integrity

Care of money held for others

Friends who hold moneys on behalf of others should have regard to the importance of the proper safeguarding and wise administration of such moneys. It is important that, where possible, a separate bank account be used which is not in the name of a single individual. Particular care should be taken to keep proper accounts which should be examined, if necessary by a qualified auditor, once a year.

1959; 1994

See also 14.2014.24

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