Which Standard addresses accepting gifts or benefits that could create a conflict of interest with the employer's interests unless written consent is obtained?

• A. Additional Compensation Arrangements.
• B. Loyalty, Prudence, and Care.
• C. Misrepresentation.
• D. Record Retention.

Answer: (A)

Accepting gifts or benefits that could create a conflict with the employer’s interests unless there is written consent is addressed by the standard on Additional Compensation Arrangements. This standard specifically governs compensation beyond your base pay, including gifts or benefits, and requires disclosure and written consent to ensure such arrangements don’t bias your judgment or loyalty to the employer. In other words, it focuses on preventing conflicts of interest arising from compensation or gifts by obtaining formal approval.

Other standards cover different issues: misrepresentation concerns truthful communication and avoiding deception, record retention deals with maintaining proper records, and loyalty, prudence, and care sets out general duties to clients and employers but does not pinpoint the specific requirement for written consent when accepting gifts or benefits.