Week 2: PGA Seminar Flashcards
What are the new/revised obligations and requirements under the PGA?
- Code of Ethics
- Duty to Report
- Continuing Education Program
- Regulation of Firms
- Annual Reporting Information
True or False: The PGA is an advisory board and does not entirely replace individual governing legislation for five professional regulators
False, the PGA replaces all five
What are the 13 Code of Ethics?
- Act in the Public Interest
- Know your limits
- Follow the Law (new)
- Follow Standards of Government and EGBC (new)
- Maintain your Competence
- State your qualifications accurately (new)
- Distinguish facts from assumptions and opinions (new)
- No conflicts of interest
- Duty to report
- Stand your ground
- Each professional is reponsible (new)
- Work diligently and follow the Standards of Documentation (new)
- Fairness, Courtesy, and Good Faith
Tip: Remember the mnemonic: A King Found Forests Magical Since Dawn Never Did Shine Every Winter Friday :P
True or False: The duty to report extends to an employer of identified registrant
True, when employment or partnerships are impacted because of risk of harm
How many hours of CE training must a registrant complete over a 3 year rolling period?
60 hours
True/False: Registrants can do all 60 CE hours in one year for the 3 year period
False: At least one hour of ethical and one hour of regulatory learning must be completed each year
True/False: A CE Plan is mandatory along with the CE training hours
True: registrants must complete a CE Plan on an annual basis
What are the three pillars the Regulatory Model is based on?
- Quality Management
- Ethics
- Continuing Education
What are some key requirements for a firm to be regulated?
- provide business and contact info
- register and receive a Permit to Practice
- Attend training
- develop a professional practice management plan
- comply with regular audits
