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6.1	A member must make full and timely disclosure to the client of any financial interest which the member or the member's firm may have in any assignment that the member undertakes for that client or in its outcome. Financial interest includes direct remuneration, direct and indirect benefits, commission and introductory fees paid by or to the member or the member's firm.

6.2	In considering whether a member or a member's firm has a financial interest in an assignment, a member must have regard to other firms with which the member or the member's firm is associated.

6.3	Financial rewards which are large in relation to the professional time spent, including success-related or contingency fees, can threaten objectivity and thus contravene the general requirements of the PCS. Accordingly, members are advised to exercise extreme care in determining whether to accept such rewards or fees and must ensure that they are appropriate in the circumstances of the advice given and that there is no conflict with the requirements for professional objectivity.

Page updated: 2 December 2008
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