In India, Sanjay worked as an accountant. Upon his immigration to Canada, he learned that his accounting designation would not be recognized in this country unless he writes additional exams. Unwilling to do , Sanjay decides to pursue a career in financial planning and to this end, he has obtained his CFP credential. He feels his accounting backgroundeven though it is not recognized in Canadagives him a distinct advantage over other planners and he does not hesitate to advise clients on specific tax issues. What principle under the CFP Code of Ethics is Sanjay breaching?

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Sanjay is most likely breaching the Competency principle of the CFP Code of Ethics by advising clien... View the full answer