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The literature review highlights the importance of professional judgment in the financial industry, here we have review and research over more than 20 articles on the topic of professional judgment. As a part of the requirement of this project, we have divided the whole literature review under the various subheadings, such importance of professional judgment, manner of application of professional judgments are as where we can only use our personal judgment instead of using the professional judgements.
After discussing the importance and manner of professional judgment and after reviewing numbers of article and literature review over the topic of the professional judgment we can conclude that independent and professional judgment and decision essential not only in the professional life but also in personal life. While reviewing the articles on the topic of professional judgment it was observed that every system works with both the character one gives us a benefit other hurt us, but we accept the system or method or process as we are receiving more benefits than the loss which may incur on account of non-adoption of such system.
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