Financial Risk Manager Part 1

Explanation

Professional integrity and ethical conduct is the correct answer because this principle specifically addresses the requirement for members to:

• Be diligent about not overstating the accuracy or certainty of results or conclusions
• Clearly disclose the limits of their expertise and knowledge in areas of risk assessment

This aligns with ethical standards in risk management where professionals must maintain honesty about their capabilities and the reliability of their analyses. Overstating certainty or failing to disclose limitations could lead to poor risk decisions and undermine the credibility of the risk management profession.

Why not the other options:

• Fundamental responsibilities typically cover broader obligations like upholding professional standards and complying with laws
• General accepted principles is not a standard category in GARP's Code of Conduct

The emphasis on accurate representation of capabilities and limitations falls squarely under professional integrity and ethical conduct requirements.