Chapter 14

Question 1

A member employed in C&I has a professional obligation to comply with what in PRPG?

Answer 1

• The fundamental principles

• All obligations in Chapter 2 as stated:
- The requirement to have PII will not apply

• If the member is in the regulated sector, the employee must comply with AML legislation
• A member who works in tax must comply with CPD requirements

Question 2

What should an employed member do if discovered a matter or by being under pressure to:
• Act against professional standards
• Act contrary to law / regulation?

Answer 2

Employed member should refer to the Commerce & Industry guidance on the CIOT and ATT websites

Question 3

What obligation should a member in C&I comply with if providing tax services on a paid basis?

Answer 3

they should make sure they comply with the relevant PII and AML obligations

Question 4

An employed member in C&I should consider whether …….rules apply where they are responsible for their employer’s financial accounting arrangements

Answer 4

Senior Accounting Officer (SAO)