答案和详解如下： 1、Standard VI(C), Referral Fees, requires the member to do all of the following EXCEPT: A) disclose to the referred client how much the referral source was paid to refer the client. B) disclose to the referred client the existence of a referral agreement. C) make required disclosures to the referred client before an agreement is made to provide services to the referred client. D) disclose to the referred client the percentage of the member's business that comes from referrals. The correct answer was D) The applicable Standard, VI(C), does not require a member to disclose the percentage of their business that comes from referrals. Standard VI(C) states, "Members shall disclose to clients and prospects any consideration or benefit received by the member or delivered to others for the recommendation of any services to the client or prospect." Appropriate disclosure means telling the client or prospect, before agreeing to perform services, of any benefit given or received for recommending the member’s services. 2、Which of the following statements about Standard VI(C), Referral Fees, is TRUE? A) Referral fees must be disclosed after proceeding with an agreement for service. B) Referral fees may be disclosed before or after proceeding with an agreement for service. C) Referral fees need not be disclosed unless required by federal or state statute. D) Referral fees must be disclosed before proceeding with an agreement for service. The correct answer was D) According to Standard VI(C), referral fees must be disclosed before proceeding with an agreement for service in order for the client or employer to compute the full cost of the service and to evaluate any potential partiality of the recommendation. 3、An analyst who is a member of CFA Institute has composed an introductory information packet for her new clients, which includes information on fees she receives for referring clients to other professionals and those she pays for having clients referred to her. With respect to Standard VI(C), Referral Fees, this action: A) may not satisfy the Standard if such information is only provided after the receivers of the information have become clients. B) is not addressed in the Standard. C) exceeds the requirement of the Standard because she does not need to reveal the fees paid to her for clients she refers to others. D) exceeds the requirement of the Standard because she does not need to reveal the fees she pays to those that refer clients to her. The correct answer was A) Standard VI(C) says that a member must reveal information both on fees she receives for referring clients to other professionals and those she pays for having clients referred to her before a prospect becomes a client. This allows the prospect to evaluate any partiality of a recommendation and the full cost of the services. 4、Wes Smith, CFA, refers many of his clients to Bill Towers, CPA, for accounting services. In return, Towers performs routine services for Smith, such as his tax returns, for no charge. Towers has just become a member of CFA Institute. With this development, Towers must: A) reveal to the prospects referred by Smith that he performs services for Smith, along with the estimated value of those services. B) only reveal to the prospects referred by Smith that he performs services for Smith. C) reveal nothing about his relationship with Smith since they are now both members of CFA Institute. D) discontinue his services for Smith. The correct answer was A) According to VI(C), Referral Fees, as a member of CFA Institute, Towers must tell his clients about the payment in kind to Smith along with an estimate of the value of those services. 5、Wes Smith, CFA, refers many of his clients to Bill Towers, CPA, for accounting services. In return, Towers performs routine services for Smith, such as his tax returns, for no charge. With respect to this relationship, Smith: A) is only in violation of Standard III(B), Fair Dealing, by not putting the client first. B) is in violation of both Standard V(B) and III(B). C) must disclose to his clients that Towers provides services for Smith's personal benefit. D) is only in violation of Standard V(B), Communication with Clients and Prospective Clients, by trading his services for those of a CPA. The correct answer was C) According to VI(C), Referral Fees, Smith must disclose to his clients that Towers provides services for Smith’s personal benefit. None of the Standards listed in the other answers apply. | 
发表于 2008-4-10 18:19
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