4. Which of the following statements clearly conflicts with the recommended procedures for compliance presented in the CFA Institute Standards of Practice Handbook? 1. For confidentiality reasons, personal transactions and holdings should not be reported to employers unless mandated by regulatory organizations. 2. Employees should disclose all personal transactions to their employer. 3. Firms should disclose to clients the personal investing policies and procedures established for their employees. 4. Prior approval must be obtained for the personal investment transactions of all employees.

4. Which of the following statements clearly conflicts with the recommended procedures for compliance presented in the CFA Institute Standards of Practice Handbook? 1. For confidentiality reasons, personal transactions and holdings should not be reported to employers unless mandated by regulatory organizations. 2. Employees should disclose all personal transactions to their employer. 3. Firms should disclose to clients the personal investing policies and procedures established for their employees. 4. Prior approval must be obtained for the personal investment transactions of all employees.

Contemporary Auditing

11th Edition

ISBN:9781337650380

Author:KNAPP

Publisher:KNAPP

Chapter5: Ethical Responsibilities Of Independent Auditors

Section5.1: Cardillo Travel Systems, Inc.

Problem 4Q

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