ACIA Capstone Practice Questions - Associate Of The Canadian Institute Of Actuaries (ACIA) Capstone Exam

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A CIA member becomes aware of an apparent material noncompliance with the Rules or the standards of practice by another member. Which rule governs the response, and what does it require?

Rule 13 — attempt to discuss the situation with the other member and resolve it, and failing discussion and resolution, report the apparent noncompliance to the Professional Conduct Board Rule 11 — disclose the apparent noncompliance to the CIA at the member's next annual membership renewal Rule 8 — raise the matter with the other member as a matter of courtesy, with no obligation to report it further Rule 3 — restate the affected work in compliance with the standards of practice and take no further action

Correct Answer:

Rule 13 — attempt to discuss the situation with the other member and resolve it, and failing discussion and resolution, report the apparent noncompliance to the Professional Conduct Board

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