ASSA Code of Professional Conduct

Question 1

The Professional Promise:

Members are expected to render …

Answer 1

Members are expected to render quality services to their clients through:

• the application of specialist and up-to-date actuarial knowledge and expertise
• the demonstration of ethical behaviour, especially in doing actuarial work
• the member’s accountability to the Society for professional oversight.

Question 2

3 principles of professional conduct

Answer 2

• Knowledge and expertise
• Values and behaviour
• Professional accountability

Question 3

Principles of professional conduct:

Knowledge and expertise

Answer 3

A member shall perform only those professional services for which the member is competent and appropriately experienced.

Question 4

Principles of professional conduct:

Values and behaviour

Answer 4

A member shall act honestly, with integrity, competence and due care, and in a manner that fulfils the profession’s responsibility to the public.

Question 5

Principles of professional conduct:

Professional accountability

Answer 5

A member is subject to the professional requirements and oversight of the Society, and shall do nothing that brings the actuarial profession into disrepute.