Ethics

Question 1

An answer to the disciplinary petition shall be filed with the Institute staff no later than…

Answer 1

30 days - The answer shall respond to the allegations set forth in the disciplinary petition and either request or waive the right to participate in a hearing before the Hearing Panel.

Question 2

Conviction and Suspension (member must notify Institute of a conviction of serious crime within…

Answer 2

60 days

Question 3

An appeal from a final order of the PRB must be filed within…

Answer 3

60 days

Question 4

Possible Reinstatement after suspension (requires petition toInstitute within

Answer 4

30 days of expiration of suspension term)

Question 5

Certification Requirements (the 4 E’s)

Answer 5

–Experience
–Education
–Exam
–Ethics

Question 6

Continuing Education Requirements

Answer 6

–40 hours every two years (includes 2 hours of ethics)

–New as of 1/1/2020: one hour of CE every two years must cover tax or regulation.

Question 7

Institute Code of Professional Responsibility

Answer 7

1. Act in the best interest of the client.
2. Disclose services to be offered and provided, related charges, and compensation.
3. Disclose the existence of actual, potential, and/or perceived conflicts of interest and relevant financial relationships, direct and/or indirect. Take appropriate action to resolve or manage any such conflicts.
4. Provide clients information needed to make informed decisions.
5. Respond to client inquiries and instructions appropriately, promptly, completely, and truthfully.
6. Maintain confidentiality of client information, however acquired, consistent with legal and regulatory requirements and firm policies.
7. Provide competent service by truthful representation of competency, maintenance and/or development of professional capabilities, and, when appropriate, the recommendation of other professionals.
8. Comply with legal and regulatory requirements related to one’s practice of his or her profession.
9. Maintain a high level of ethical conduct.