答案和详解如下： 6、A firm recently hired Jill Taylor, CFA, to be a managing supervisor in the firm. Taylor knows that all of her subordinate supervisors are members of CFA Institute and that they have a compliance system in place with respect to the Code and Standards. Under these conditions Taylor needs to: A) immediately implement a new compliance system. B) review the compliance system for its adequacy. C) rely on the current compliance system since the subordinate supervisors are subject to the Code and Standards. D) none of these choices. The correct answer was B) According to Standard IV(C), Responsibilities of Supervisors, Taylor must make reasonable efforts to detect violations of law, rules, regulations, and Code and Standards. This responsibility is not eliminated because the Taylor’s subordinates are CFA Charterholders. Taylor should review the compliance system and report any inadequacies to senior management. 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、For many years, John Berger, CFA, has been a mentor of Bob Chennings, a family friend, who just earned the CFA designation. Berger is the CEO of a firm that just hired Chennings, but the hiring was done at a lower level so Berger and Chennings have no direct contact in the daily operation of the firm. With respect to Standard IV(C), Responsibilities of Supervisors, Berger: A) must develop a set of written procedures to prevent violations derived from his mentoring Chennings. B) must routinely evaluate Chennings' performance. C) assumes no extra responsibility with the hiring of Chennings. D) must both develop written procedures concerning Chennings and routinely evaluate his performance. The correct answer was C) As a CEO, Berger is responsible for reasonable procedures being in place for the entire firm. Since Berger is not the supervisor of Chennings, however, Berger assumes no extra responsibility upon his hiring. 9、Martin Tripp, CFA, is vice-president of the equity department at Walker Financial, a large money management firm. Of the twenty analysts in his department for whom he has supervisory responsibility, eight are subject to CFA Institute Standards of Professional Conduct. Tripp believes that he cannot personally evaluate the conduct of the twenty analysts on a continuing basis. Therefore, he plans to delegate some of his supervisory duties to Sarah Green, who is subject to the Standards, and some to Bob Brown, who is not subject to the Standards. According to CFA Institute Standards of Professional Conduct, which of the following statements about Tripp's ability to delegate supervisory duties is most correct? A) Tripp can delegate some or all of his supervisory duties to Brown, even though Brown is not subject to the Standards. B) Tripp cannot delegate any of his supervisory duties to either Green or Brown. C) Tripp can delegate some or all of his supervisory duties only to Green because she is subject to the Standards. D) Trip can delegate some of his supervisory duties to Green and the remainder to Brown and, therefore, relieve himself of his supervisory responsibility. The correct answer was A) Standard IV(C), Responsibilities of Supervisors, permits Tripp to delegate supervisory duties to Green, Brown, or both, but such delegation does not relieve Tripp of his supervisory responsibility. 10、Jess Green, CFA, is the research director for Castle Investment, Inc., and has supervisory responsibility over eight analysts, including three CFA charterholders. Castle has a compliance program in place. According to CFA Institute Standards of Professional Conduct, which of the following is NOT an action that Green should take to adhere to the compliance procedures involving responsibilities of supervisors? Green should: A) disseminate the contents of the compliance program to the eight analysts. B) incorporate a professional conduct evaluation as part of the performance review only for the three CFA charterholders. C) educate all analysts under his supervision about the compliance procedures. D) issue periodic reminders of the procedures to all analysts under his supervision. The correct answer was B) Green should incorporate a professional conduct evaluation as part of his review of all eight analysts under his supervision, not just the three CFA charterholders. | 
发表于 2008-5-19 10:19
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