Deciding to trade in financial products because of access to non-material non-public information. A.Would ve regarded as engaging in information-based manipulation. B.Is unacceptable conduct as it will breach CFA standards. C.Would likely be a breach of the Corporations Act in Australia. D.Is a acceptable as it would be consistent with the use of mosaic theory. In accordance with CFA standard I(B) members must: A.May accept gifts or bonuses from clients while exercising professional judgement to ensure independence and objectivity is not threatened. B.Always accept gifts or bonuses from clients. C.Never accept gifts or bonuses from clients. D.Accept gifts not only if it is in the member of employ’s interest to do so.
Deciding to trade in financial products because of access to non-material non-public information. A.Would ve regarded as engaging in information-based manipulation. B.Is unacceptable conduct as it will breach CFA standards. C.Would likely be a breach of the Corporations Act in Australia. D.Is a acceptable as it would be consistent with the use of mosaic theory. In accordance with CFA standard I(B) members must: A.May accept gifts or bonuses from clients while exercising professional judgement to ensure independence and objectivity is not threatened. B.Always accept gifts or bonuses from clients. C.Never accept gifts or bonuses from clients. D.Accept gifts not only if it is in the member of employ’s interest to do so.
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter1: Quality Auditing: Why It Matters
Section: Chapter Questions
Problem 24RQSC
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Question
Deciding to trade in financial products because of access to non-material non-public information.
A.Would ve regarded as engaging in information-based manipulation.
B.Is unacceptable conduct as it will breach CFA standards.
C.Would likely be a breach of the Corporations Act in Australia.
D.Is a acceptable as it would be consistent with the use of mosaic theory.
In accordance with CFA standard I(B) members must:
A.May accept gifts or bonuses from clients while exercising professional judgement to ensure independence and objectivity is not threatened.
B.Always accept gifts or bonuses from clients.
C.Never accept gifts or bonuses from clients.
D.Accept gifts not only if it is in the member of employ’s interest to do so.
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