ICAEW SE · Chapter 7 · Question 8 of 18
Which of the following best describes professional judgement?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: D) The application of relevant training, knowledge and experience to make informed decisions about the appropriate course of action in the circumstances
Explanation
Professional judgement involves applying knowledge, skills and experience, together with an understanding of the facts and relevant standards, to reach well-reasoned decisions. It is especially important under a principles-based code, where not every situation is covered by a specific rule.
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