CFA Practice Question
If every one of your research reports had a statement stating that every research report on issues by a corporate client reflects the unbiased opinion of the analyst, you would be complying with Standard
______.
A. I (B) - Independence and Objectivity.
B. V (B) - Communication with Clients and Prospective Clients.
C. III (D) - Performance Presentation.
Explanation: To avoid violations of Standard I (B), one of the procedures members should comply with is the need to protect the integrity of opinions. Members and their firms should establish policies stating that every research report on issues by a corporate client reflects the unbiased opinion of the analyst. In this way, firms ensure that the independence and objectivity of their member analysts is maintained.
User Contributed Comments 3
| User | Comment |
|---|---|
| Borsh | not even a professional would answer such a tricky question |
| mary11 | Oh boy, hope the real exam is not going to be this tricky. |
| alles | In this case one would be complying with V(B). Complying with I(B) is ACTING along and not just stating it. |