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Judgement (or judgment) [1] is the evaluation of given circumstances to make a decision. [2] Judgement is also the ability to make considered decisions. The term has at least five distinct uses. In an informal context, a judgement is opinion expressed as fact. Formally, a judgement is the act of evaluating the validity or correctness of a ...
A 19th century etching of a farmer consulting with his doctor, vicar and lawyer. A profession is a field of work that has been successfully professionalized. [1] It can be defined as a disciplined group of individuals, professionals, who adhere to ethical standards and who hold themselves out as, and are accepted by the public as possessing special knowledge and skills in a widely recognised ...
ISA 320, paragraph A3, states that this assessment of what is material is a matter of professional judgement. The concept of materiality is applied by the auditor both in planning and performing the audit, and in evaluating the effect of identified misstatements on the audit and of uncorrected misstatements, if any, on the financial statements ...
The legal definition of "judgment" contemplates decisions made by judges in a court of law. [3] Decisions of quasi-judicial bodies and administrative bodies may also be colloquially referred to as "judgments," but they must be distinguished from true judgments in that they are not made by judges in courts of law. [3]
Judgment is considered to be the ability to determine relationships and also be able to draw conclusions from events with strong evidence. [2] Throughout life, humans need to be able to make a decision with sound judgment to provide for their family and or make the best decision possible that will most benefit them in the long run.
Professional responsibility is defined by professional accepted standards of personal behaviour, moral values, and personal guiding principles. [16] Codes for professional responsibility may be established by professional bodies or organizations to guide members in performing functions to a consistent ethical set of principles. [17]
A widely used definition is: "A conflict of interest is a set of circumstances that creates a risk that professional judgement or actions regarding a primary interest will be unduly influenced by a secondary interest."
A professional is a member of a profession or any person who works in a specified professional activity. The term also describes the standards of education and training that prepare members of the profession with the particular knowledge and skills necessary to perform their specific role within that profession.