Professional Obligations and Responsibilities

Question 1

Two forms of professional norms

Answer 1

Permissions and obligations

Question 2

Permissions

Answer 2

Individual judgement is permitted.

Question 3

Example of permission

Answer 3

Choosing whether you want to take a client or not.

Question 4

Obligation

Answer 4

Required professional norm. Individual judgement is not allowed.

Question 5

Examples of obligations

Answer 5

Agreements, oaths, promises, or contracts.

Question 6

First Party Interests

Answer 6

Interests of the providers of the professional services.

Question 7

Second Party Interests

Answer 7

Interests of the client

Question 8

Third Party Interests

Answer 8

Interests it the general public

Question 9

Conflict of interest

Answer 9

When an individual has personal interests that may improperly influence their professional judgement.

Question 10

Conflict of obligation

Answer 10

When an individual fails to meet the expected standard of professional conduct to protect first, second, or third party interests.

Question 11

Moonlighting

Answer 11

Holding a second position by employment or contract that undermines your main job.

Question 12

By matter of record

Answer 12

When you provided a professional opinion in the past that differs from something you are saying now

Question 13

Self Dealing

Answer 13

Using an employment position to acquire work for an outside firm that you have interest in.

Question 14

Selling Influence

Answer 14

Using your influence to advance the position or interests of a particular party or group.

Question 15

How to stay professional to colleagues?

Answer 15

1. Honesty
2. Fairness
3. Loyalty
4. Competence

Question 16

Honestly (Truthfulness)

Answer 16

Goes beyond deliberately misleading. It involves sharing info which may assist a professional peer and prevent misleading.

Question 17

Loyalty

Answer 17

Obligation to the professional organization.

Question 18

How to be professional to a client or employer

Answer 18

1. Competence
2. Diligence
3. Honesty
4. Candor
5. Discretion
6. Loyalty
7. Fairness
8. Obedience

Question 19

Candor

Answer 19

Full disclosure and providing full information

Question 20

Discretion

Answer 20

Protection of the client’s privacy

Question 21

How to be professional to third parties

Answer 21

1. Honesty
2. Fairness
3. Non-malfeasance

Question 22

Non-malfeasance

Answer 22

Must not injure third parties and abide by rules of fair competition

Question 23

Pre-emptive disclosure

Answer 23

Periodically disclosing potential conflicts of interests

Question 24

Disclosure

Answer 24

Disclosing potential or actual conflicts of interest

Question 25

Rescuasal

Answer 25

Removing yourself from the situation where there is conflict of interest