答案和详解如下： 6、A firm recently hired Hal Crane, CFA, to be a supervisor in the firm. Crane has reviewed the procedures for complying with the Code and Standards in the company. It is Crane’s belief that the procedures need revision in order to be effective. Crane must: A) only send out a petition to fellow workers asking for a change in the procedures. B) only inform the SEC about the problem. C) refuse supervisory responsibilities in writing until the company adopts an adequate system. D) both submit a petition to fellow workers and inform the SEC. The correct answer was C) If Crane believes the current procedures are not adequate, Crane must refuse the supervisory responsibilities in writing until an adequate system is adopted. There is nothing in the Standards about circulating a petition. 7、For years, John Berger, a CFA charterholder and CEO of a company, relied upon a set of reasonable procedures for preventing violations of the Standards of Practice in the firm. The company has recently arranged to have members of CFA Institute as mid-level supervisors throughout the firm. With this arrangement Berger has delegated the supervision of employees with respect to the Code and Standards to the mid-level managers. With this action Berger: A) is still responsible for seeing that procedures are in place to prevent violations of the Code and Standards. B) is relieved of his obligation to supervise the employees under the mid-level supervisors. C) has violated Standard IV(C), Responsibilities of Supervisors. D) has violated Standard I(B), Independence and Objectivity. The correct answer was A) Berger has not violated any of the Standards. He has the right to delegate supervisory duties. This delegation does not relieve him of the responsibility of making sure that procedures are in place to prevent violations of the Code and Standards. 8、Which of the following statements about Standard IV(C), Responsibilities of Supervisors, is FALSE? CFA Institute members with supervisory authority: A) are expected to bring an inadequate compliance system to the attention of the firm's senior managers and recommend corrective action. B) are expected to have in-depth knowledge of the Code and Standards and to apply this knowledge in discharging their supervisory responsibilities. C) may delegate supervisory duties, which relieves them of their supervisory authority. D) must make reasonable efforts to detect violations of laws, rules, regulations, and the Code and Standards. The correct answer was C) Standard IV(C) permits members to delegate supervisory duties but such delegation does not relieve members of their supervisory responsibility. 9、For years John Berger, a CFA charterholder and CEO of a company, relied upon a set of reasonable procedures for preventing violations of the Code and Standards of Professional Conduct in the firm. To not be liable for a violation of the Standards, Berger must: A) do nothing more than have the set of procedures in place as stated. B) periodically review the procedures. C) ensure the procedures are monitored and enforced. D) both periodically review the procedures and ensure the procedures are monitored and enforced. The correct answer was D) As a CEO, Berger is responsible for implementing and maintaining appropriate compliance procedures. He must also ensure the procedures are monitored and enforced. 10、Wanda Kirby, CFA, recently joined Allegheny Investments as a senior analyst. Because of her extensive experience in the investments business and knowledge of the Code and Standards, Allegheny's management asked her to assume supervisory responsibility. Kirby reviewed Allegheny's existing compliance system and determined that it was inadequate to allow her to clearly discharge her supervisory responsibility. According to CFA Institute Standards, Kirby should: A) agree to accept supervisory responsibility and to develop reasonable procedures to allow her to adequately exercise such responsibility. B) agree to accept supervisory responsibility provided that Allegheny adopts reasonable procedures to allow her to adequately exercise such responsibility. C) decline orally to accept supervisory responsibility until Allegheny adopts reasonable procedures to allow her to adequately exercise such responsibility. D) decline in writing to accept supervisory responsibility until Allegheny adopts reasonable procedures to allow her to adequately exercise such responsibility. The correct answer was D) If Kirby clearly cannot discharge supervisory responsibilities because of an inadequate compliance system, she should decline in writing to accept supervisory responsibility until Allegheny adopts reasonable procedures to allow her to adequately exercise such responsibility. | 
发表于 2008-4-9 12:20
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