BFF3111 Chapter Notes - Chapter Ethics and Compliance: Privacy Act 1988, Fax
26 Jul 2018
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The adviser may employ a range of other means to develop a more appropriate level of knowledge about the client. Fpa code of ethics principle competence - requires where the adviser believes they do not have the appropriate level of expertise, they should scope the particular area out from their advice and analysis. This may arise in situations such as accounting, tax or law where the situation warrants expert advice that the adviser is unable to provide. It may also arise in situations where the adviser lacks knowledge or skill in a particular area, such as risk advice. The adviser may decide to refer the client to another adviser or practice with the required expertise. For example, a specialist risk adviser, accountant or lawyer. Please discuss on online forum if you have questions. It is important that all information contained within a client"s file is stored safely and kept confidentially (fpa code of ethics principle confidentiality).
