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D. audit
Answer: A
NEW QUESTION: 2
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B. False
Answer: A
NEW QUESTION: 3
According to Standard IV (B.4), Priority of Transactions, ________ is recommended when a manager has purchased a security in violation of trading policy.
A. forfeit of wages for one month
B. a civil damage
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E. public censure
Answer: C
Explanation:
Explanation/Reference:
Explanation:
This question relates to the compliance procedures for Standard IV (B.4), one of which states that firms should establish disciplinary procedures to enforce the standard. If a manager has purchased a security in violation of trading policy, disgorgement is recommended. Managers should disgorge all profits and assume any losses from the trade.
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Feedbacks
Aalk - 2014-05-05 16:45:18
Plato - 2014-05-05 16:45:51
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Eleanore - 2014-09-28 16:36:48