QKA 2 Unit 9 Ethics

Question 1

The ARA code of professional conduct requires:

Answer 1

Professional integrity

Question 2

Under the ARA professional integrity requirement professional services rendered under member supervision, are performed with:

Answer 2

Honesty, integrity, skill, and care

Question 3

Under the professional integrity requirement in the ARA code of professional conduct, the member has an obligation to observe standards of professional conduct, while engaged with what activities?

Answer 3

Providing advice, recommendations, and other services performed

Question 4

A member, who pleads guilty or is found guilty of any misdemeanor related to financial matters, or any felony is what:

Answer 4

Broken the code and subject to ARA counseling and disciplinary actions

Question 5

What do the “Qualification Standards” underneath the ARA professional guideline state?

Answer 5

A member shall render opinions, advice or perform service- ONLY when qualified to do so based on education, training and experience

Question 6

The code of conduct requires confidentiality, true or false?

Answer 6

True

Question 7

What are the exceptions to conflict of interest provision in the code of professional conduct?

Answer 7

PRINCIPLES AGREE to the performance of the services by the member

UNIMPAIRED ABILITY to act fairly

FULL DISCLOSURE of the conflict to the principals

Question 8

Concerning conflicts of interest, if a member is aware of any significant conflict between the interest of a principal and the interest of another party what must happen?

Answer 8

The member should advise the principle of the conflict and include appropriate qualifications or disclosures in any related communication

Question 9

What is the titles and credentials provision of the area code of conduct?

Answer 9

Can only use your credentials if you were a member in good standing

Question 10

You’re taking over a plan and not being provided with all the necessary data and information to ensure compliance, what should you do?

Answer 10

Insure the Client provides all appropriate information before proceeding

Question 11

Exaggeration of employee qualifications, and experience in local publications may be a violation of which section of the ARA code of conduct?

Answer 11

Advertising

Question 12

Beyond the clients authorization to provide confidential information when me and also be disclosed to others?

Answer 12

What are required to do so by law