studyn

A

Standard V(A), Diligence and Reasonable Basis: he needs to 'exercise.. independence, and throughness,... supported by appropriate research and investigation'. ' In using secondary research (in house research), must make reasonable and diligent effort to determine whether such research is sound'. He has not given any indication to have done so (e.g., check what the Fed chairman said to give such impression).


V(B), Communication with Clients and Prospective Clients. 'Distinguish fact and opinion'. Unless he has data to show that inflation IS under control, he can only says that he thinks inflation is under control (e.g., if having checked above and has independent research to support his belief).