Reporting Income and Subordination of Judgment

Question 1

What is subordination of Judgment?

Answer 1

When members have disagreements over how to record something, they are not to simply accept the superior’s judgment

Question 2

What should a member do if, after discussing a disagreement with superiors, she believes the matter is serious and is not going to be resolved as it should?

Answer 2

1. ) Determine whether the organization’s internal policies have any additional requirements for reporting differences of opinion
2. )Determine whether she is responsible for reporting differences of opinion
3. ) Consult legal counsel
4. ) Document the facts, principles, and conversations

Question 3

What should a member do if she concludes that the threat of a legal violation of misrepresentation of facts cannot be reduced to an acceptable level?

Answer 3

Quit the firm