👉 In accounting, a "fiduciary" refers to an individual who holds office in a financial institution or other business entity and is required to act in a manner that reflects the best interests of all parties involved. This may include ensuring compliance with laws, regulations, and ethical standards, as well as making decisions that are fair, just, and consistent with the interests of the company's shareholders, creditors, employees, customers, and other stakeholders. Fiduciaries often have a fiduciary duty
