Professional Ethics
Richard
Registered Posts: 373 Dedicated contributor 🦉
I am currently revising for my Professional Ethics skills test, and have been attempting to answer the questions on the specimen test on the website.
Can anybody help me with Task 7 - it concerns a client asking questions about inheritance tax and capital gains tax, and wants some advice on what to do with a large sum of money that the client has received.
The question asks how you would respond, and what ethical issues arise.
Would the correct response be that I would be unable to give him specific advice, and to recommend that he takes proper advice from a financial adviser? Or is the answer something completely different?
Can anybody help me with Task 7 - it concerns a client asking questions about inheritance tax and capital gains tax, and wants some advice on what to do with a large sum of money that the client has received.
The question asks how you would respond, and what ethical issues arise.
Would the correct response be that I would be unable to give him specific advice, and to recommend that he takes proper advice from a financial adviser? Or is the answer something completely different?
0
Comments
-
Hi Richard
I think you have understood the question really well.
The point they want to hear (i think) is you say that you are not competent to answer the question, but if they would like to make an appointment with your office they could speak to someone else more qualified.
I think the answer is something like that. The actual answer should be with the questions on the web so you should be able to check.
Speegs0 -
Hi Speegs,
Thanks for your reply - with some of these questions I keep thinking that they are trying to catch me out!!0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 325 NEW! Qualifications 2022
- 160 General Qualifications 2022 discussion
- 11 AAT Level 2 Certificate in Accounting
- 56 AAT Level 3 Diploma in Accounting
- 95 AAT Level 4 Diploma in Professional Accounting
- 8.8K For accounting professionals
- 23 coronavirus (Covid-19)
- 273 VAT
- 92 Software
- 274 Tax
- 138 Bookkeeping
- 7.2K General accounting discussion
- 202 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 582 Job postings
- 16 Who can benefit from AAT?
- 36 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership