paragraphs.09–.14that follow. The existence of a threat does not mean that the member is in violation of the rules; however, the member should evaluate the significance of the threat.b. Evaluate the significance of a threat. In evaluating the significance of an identified threat, themember should determine whether a threat is at an acceptable level. A threat is at an acceptablelevel when a reasonable and informed third party who is aware of the relevant information wouldbe expected to conclude that the threat would not compromise the member’s compliance withthe rules. Members should consider both qualitative and quantitative factors when evaluating thesignificance of a threat, including the extent to which existing safeguards already reduce the threatto an acceptable level. If the member evaluates the threat and concludes that a reasonable andinformed third party who is aware of the relevant information would be expected to conclude thatthe threat does not compromise a member’s compliance with the rules, the threat is at anacceptable level and the member is not required to evaluate the threat any further under thisconceptual framework approach.c. Identify and apply safeguards. If, in evaluating the significance of an identified threat, the memberconcludes that the threat is not at an acceptable level, the member should apply safeguards toeliminate the threat or reduce it to an acceptable level. The member should apply judgment indetermining the nature of the safeguards to be applied because the effectiveness of safeguardswill vary depending on the circumstances. When identifying appropriate safeguards to apply, onesafeguard may eliminate or reduce multiple threats. In some cases, the member should applymultiple safeguards to eliminate or reduce one threat to an acceptable level. In other cases, anidentified threat may be so significant that no safeguards will eliminate the threat or reduce itto an acceptable level, or the member will be unable to implement effective safeguards. Undersuch circumstances, providing the specific professional services would compromise the member’scompliance with the rules, and the member should determine whether to decline or discontinue theprofessional services or resign from the employing organization.Threats.07Many threats fall into one or more of the following six broad categories: adverse interest, advocacy,familiarity, self-interest, self-review, and undue influence..08Examples of threats associated with a specific relationship or circumstance are identified in theinterpretations of the code. Paragraphs.09–.14of this section define and provide examples, which arenot all inclusive, of each of these threat categories.