Which of the following statements regarding supervisory responsibility is/are CORRECT under the Code and Standards:
I. CFA Institute members exercise reasonable supervision by establishing and implementing written compliance procedures.
II. Once compliance procedures are established, CFA Institute members must take reasonable steps to ensure that they are disseminated and enforced.
III. Misconduct by a member’s subordinate automatically results in a violation of the Code and Standards by the member for failing to properly supervise the employee.
a) I only.
b) I, II, and III.
c) II and III.
d) I and II.作者: RoastBeef 时间: 2013-3-30 20:47
d) I and II.作者: transferpricing 时间: 2013-3-30 20:47
b) I, II, and III.作者: tikfed 时间: 2013-3-30 20:47
good call…its D作者: onelife1 时间: 2013-3-30 20:47
The supervisor only needs to supervise the employer under applicable compliance standards. If the employee steps out of line, it is not a fault of the supervisor. The supervisor must follow up and investigate and reprimand such employee though.作者: NakedPuts00 时间: 2013-3-30 20:47
D
The supervisor is expected to use reasonable measures of compliance monitoring and enforcing. Reasonable being the key word.
