The Bank Merger Act has become more significant in light of a 1985 executive order by former U.S. president Ronald Reagan approving regional banking and acquisitions by banks across state lines, when state legislatures have given prior approval

Which of the following statements best explains why the CPA profession had found it essential to establish ethical standards and means for ensuring their observance?

a. A distinguishing mark of a profession is its acceptance of responsibility to the public b. A requirement for a profession is to establish ethical standards that stress primarily a responsibility to clients and colleagues c. Ethical standards that emphasize excellence in performance over material rewards establish a reputation for competence and character d. Vigorous enforcement of an established code of ethics is the best way to prevent unscrupulous acts

Smith executes a deed to Brown and records it. Later, Smith seeks to set the conveyance aside, claiming that there had been no delivery to Brown. Why will he probably be unsuccessful in his effort:

A: Brown has come into possession of the property; B: Delivery is presumed with recording; C: The recording validates the deed; D: Recording establishes the priority of lien.