According to section 86(2) of the LPA, no legal practitioner referred to in section 84(1) or person employed or supervised by that legal practitioner may receive or hold funds or property belonging to any person unless the legal practitioner concerned is in possession of a Legal Practitioners Fidelity Fund (LPFF) certificate.Select one:True False

According to Rule 55.1 of the Legal Practice Council, a client shall for the purpose of this investment practice rule include any person on whose behalf a firm invest funds or manages or controls investments, whether or not such person is otherwise a client of the firm concerned.Select one:TrueFalse

In availability of funds, anycertification for a non-existent or fictitious obligation shall be accepted.Select one:TrueFalse

A professional accountant in public practice is prohibited to rely on safeguards that the client has implemented.Select one:TrueFalse

Funds used to account for resources held by government units in a purely custodial capacity.Select one:a.Internal Service Fundsb.Permanent Fundsc.Enterprise Fundsd.Agency Funds

A proprietary (Pty Ltd) can source funds from the public