Q7. Hui Chen, CFA, develops marking materials for an investment fund he founded three years ,ago. The materials show the 3-, 2, and 1- year returns for the fund. He includes a footnote that sates in small print. "Past performance does not guarantee future returns." He also includes a separate sheet showing the mast recent semiannual and quarterly returns, which have been neither audited nor verified. According to the Standards of Practice Handbook, has Chen violated any Standards of Practice? A. No B. YES, because he included un-audited and unverified results. C. YES, because he did not adhere to the global investment performance standards. D. YES, because he should not have used a footnote to disclose important information.
答案和详解如下：
Q7. A 07ModilarLl, Vol. l, PP964,118 Study Session 1-2.a The Standards require that members make reasonable efforts to make sure that performance id fair, accurate, and complete. They do note require compliance with Global Investment Performance Standards(GIPS), auditing, or verification.
| 
发表于 2007-11-5 18:36
| 
