- CFA Exams
- CFA Level I Exam
- Study Session 1. Ethical and Professional Standards
- Reading 3. Guidance for Standards I-VII
- Subject 14. Standard IV (C) Responsibilities of Supervisors
CFA Practice Question
A member with supervisory responsibilities violates the CFA Institute Standards of Professional Conduct if the member fails to ______.
A. prevent violations of the law
B. establish and implement written compliance procedures
C. prevent violations of the CFA Code and Standards
Explanation: Members with supervisory responsibility must make reasonable efforts to detect violations of laws, rules, regulations, and the Code and Standards. They exercise reasonable supervision by establishing and implementing written compliance procedures.
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