CFA Practice Question

There are 361 practice questions for this study session.

CFA Practice Question

David Smith is a CFA member with supervisory responsibilities. However, due to his workload, he has delegated part of his supervisory responsibilities. What are Smith's responsibilities in terms of Standard IV (C) Responsibilities of Supervisors?
A. Smith no longer has any supervisory responsibility, since he has delegated his responsibilities.
B. Smith may not delegate his supervisory responsibilities at all.
C. Smith still retains responsibility for all his subordinates.
Explanation: Supervisors may delegate their supervisory responsibilities; however, they still retain overall responsibility for their supervisory function.

User Contributed Comments 2

User Comment
stevenseb I disagree, you can delegate duties and the authority to complete those duties but you will always retain the responsibility.
Kiniry So you DO agree?
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