Code of Professional Responsibility

Question 1

Preamble to the code of professional responsibility

Answer 1

integrity, loyalty, objectivity and ethical conduct

Question 2

Principal 1 of code of professional responsibility

Answer 2

Act in the best interest of the client

Question 3

Principal 2 of CPR

Answer 3

Disclose services to be offered and provided, related charges and compensation

Question 4

Principal 3 of CPR

Answer 4

Disclose the existence of actual, potential, and or perceived conflicts of interest and relevant relationships, direct or indirect. Take appropriate action to resolve or manage any such conflicts.

Question 5

Principal 4 of CPR

Answer 5

Provide clients information needed to make informed decisions

Question 6

Principal 5 of CPR

Answer 6

Respond to client inquiries and instructions appropriately, promptly, completely and truthfully.

Question 7

Principal 6 of CPR

Answer 7

Maintain confidentiality of client information, however, acquired, consistent with legal and regulatory requirements and firm policies.

Question 8

Principal 7 of CPR

Answer 8

Provide competent service by truthful representation of competency, maintenance and/or development of professional capabilities, and, when appropriate, the recommendation of other professionals.

Question 9

Principal 8 of CPR

Answer 9

Comply with legal and regulatory requirements related to one’s practice of his or her profession.

Question 10

Principal 9 of CPR

Answer 10

Maintain a high level of ethical conduct