Chapter 2 : fundamental principles and members obligations

Question 1

What are the five fundamental principles?

Answer 1

Professional competence and due care
Objectivity
Professional behaviour
Integrity
Confidentiality

Question 2

What does integrity mean?

Answer 2

No illegality
Honesty
Seek work in an ethical manor

Question 3

What does objectivity mean?

Answer 3

No bias or conflict of interest

Question 4

What is Pro Bono work?

Answer 4

Work done for free

Question 5

What is Honorary work?

Answer 5

Work done for charities or similar organisations

Question 6

How long does a member have to notify the CIOT/ ATT of a criminal offence/ charge / individual voluntary arrangement/ bankruptcy?

Answer 6

2 months

Question 7

What criminal offences do the CIOT/ ATT not need to be notified of?

Answer 7

Speeding offence (as long as attending a driving awareness cause or have accepted a fixed penalty fee)

Question 8

Acting within the law falls under which professional principle?

Answer 8

Integrity