Chapter 14 PRPG: Members in employment – commerce and industry Flashcards Preview

ATT - Ethics CBE > Chapter 14 PRPG: Members in employment – commerce and industry > Flashcards

Flashcards in Chapter 14 PRPG: Members in employment – commerce and industry Deck (3)
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1
Q

14.1 Application of professional rules and practice guidelines

A

If the employer is in the regulated sector, they must comply with the UK’s AML legislation. A member in a body such as ATT/CIOT should comply with the CPD requirements. A member with responsibility for a company’s financial accounting arrangements should consider whether the Senior Accounting Officer (SAO) rules apply to them.

2
Q

14.2 Situations contrary to professional standards or law/regulations

A

Members may have situations that threatens compliance with PRPG. They should refer to the commerce and industry guidance on the CIOT/ATT. They can get external opinion with the charity, Public Concern at work or legal advice.

3
Q

14.3 Personal Work

A

If a member in C&I provides tax services on a paid basis other than their employer, they should comply with PII and AML obligations.