Unforseen

Without additional info, you can't make that assumption. The debate is, can one accept additional compensation? Yes absolutely. As far as the requisite action to take before accepting it, it's been answered.

Analyze_This

Does anyone have a bottom line on this?

lcai

Is in it that you can accept additional compensation if it is for past performance but not if it is to entice you to do better in the future because that would put you at a risk of violating independence & objectivity as you will probably favor that client's account which also brings in the issue of fair dealing...

susana

BlueCollarHero Wrote:
-------------------------------------------------------
> N.VanCandidate Wrote:
> --------------------------------------------------
> -----
> > written approval needed for both but if you
> take
> > the comp in first case you are still in
> violation
> > of code because of independent and objectivity
> not
> > due to disclosure of conflict and additional
> comp.
> > arrangement as you would be if you did not get
> > approval.
>
> bro, you can definitely accept additional comp
> from a client....CFAI txt vol 1 page 75 - example
> 1
>
> but I think you are right that written consent is
> required for both....


Yes. It says consent is required, so that means written consent from employer, never verbal.

strikethree

N.VanCandidate Wrote:
-------------------------------------------------------
> written approval needed for both but if you take
> the comp in first case you are still in violation
> of code because of independent and objectivity not
> due to disclosure of conflict and additional comp.
> arrangement as you would be if you did not get
> approval.

Wrong. You can accept additional comp. How it affects your judgment is the issue. With only that amount of info, there is no violation

ohai

N.VanCandidate Wrote:
-------------------------------------------------------
> written approval needed for both but if you take
> the comp in first case you are still in violation
> of code because of independent and objectivity not
> due to disclosure of conflict and additional comp.
> arrangement as you would be if you did not get
> approval.

bro, you can definitely accept additional comp from a client....CFAI txt vol 1 page 75 - example 1

but I think you are right that written consent is required for both....

aidebaobao

written approval needed for both but if you take the comp in first case you are still in violation of code because of independent and objectivity not due to disclosure of conflict and additional comp. arrangement as you would be if you did not get approval.

mp3bu

yes, and yes