Have a look at the consequences of this case:A retired nurse applied for a pension from Centrelink, and was informed that she would receive a small pension of $8 per fortnight, and a Pension Card. She then received a letter saying that her pension would not be paid because she had assets of over $18 million, and an annualincome of over $770,000. It took this lady several attempts to get Centrelink to examine hercase. Finally, the cause of the mistake was found to be a “human error” when the lady’sinvestment details were coded into the computer. When the cause of the mistake wasdiscovered, she was informed that they “couldn’t remove it from the computer”. Centrelinkclaimed that this was an ""isolated incident"". However, at the same time, another man wasdiscussing with Centrelink their claim that he had an income of $6 million, which was not the case.Which values do you think could have contributed to preventing this from happening? Select all that apply. (This question has more than one correct answer)Group of answer choices1.2.2 Quality of Life c) understand, and give due regard to, the perceptions of those affected by your work.1.2.1 Public Interest a) identify those potentially impacted by your work and explicitly consider their interests.1.2.3 Honesty b) not knowingly mislead a client or potential client as to the suitability of a product or service.1.2.5 Professional Development c) encourage your colleagues, employees and students to continue their own professional development.

Over a 2 year time span, Mr. B and Mr. G - both CFP professionals - failed to report relevant information to the Head Office of their investment firm. The Mutual Fund Dealers Association of Canada (MFDA) Hearing Panel imposed penalties and fines of $10,000 on each of Mr. B and Mr. G. On at least five occasions during this time span they received information that an investment advisor working at the branch overseen by them had borrowed monies from clients that had not been repaid. The advisor (not an FPC Certificant) pleaded guilty to one charge of fraud over $5,000 involving 22 victims who lost a combined $1,054,986 over a six-year period. Mr. G had an ownership interest in the branch office and was the Primary Branch Manager and a minority shareholder during the relevant time. Mr. B had an ownership interest in the branch office and was a co-Branch Manager or Alternate Branch Manager, the Managing Director of the branch and a majority shareholder during the relevant time. Neither Mr. B nor Mr. G reported the investigation, proceedings or decision by the MFDA to FPC, as required. Please search for cases like the above one and the legal charges against those crimes

rue or False?Failure to abide by the ACS Code of Professional Conduct could be used as grounds for a legal claim of professional negligence.Group of answer choicesTrueFalse

A negligence case with a claim of $4million damages

Case Study 1 Ron manages a small restaurant with one computer on which were the accounts of the business, payroll, and all business correspondence. It failed and had to be replaced. As Ron had all the necessary software it was simply a matter of installing the software and then copying the data on to the system. Ron was not sure where the software was located. He had a box of disks, but these had been collected and retained for all the computers over the last ten years. Finally. the correct collection was identified but all the serial numbers and registration details were in emails on his computer, the computer that would not start. Ron decided to go to a friend's place and look at the email there and get all the details. This took a few hours and he finally returned and started the install. Unfortunately, there were several programs that were controlled by web access and the passwords had been stored in the computer. He had to email them and get a response. Luckily he now had access to email as he had to spend a long time going back over details to get account numbers and in name to prove that he could have the passwords. Finally. after three days, he had a fully operational computer. Work task: In the following case study, make a list of the issues that show poor procedures in the management of business tools and the possible solution's with each issue.

Janice’s company has a portability option in the defined contribution pension plan. Janice quits to go work for a competitor. What will happen to her pension? A.Janice will receive future benefits based on the contributions made to the plan by her and her company on her behalf. B.Janice will lose the value of her retirement savings, since she quit.C.Janice can move the pension to her new employer or roll it over to a locked-in RRSP.D.Janice will only receive future benefits based on the contributions made to the plan by her.