MIPPs introduction and Conceptual Framework

Question 1

What are the 3 safeguards in the framework against threats?

Answer 1

1. ) Created by profession
2. ) Implemented by client
3. ) Implemented by firm

Question 2

What are the key concepts in the code’s conceptual framework

Answer 2

1. ) Threats
2. ) Safeguards
3. ) Acceptable level

Question 3

What are the 7 threats against MIPPs

Answer 3

1. ) Adverse interest threat
2. ) Advocacy Threat
3. ) Familiarity threat
4. ) management participation threat
5. ) Self-interest threat
6. ) self-review threat
7. ) Undue influence threat