Question #45
Reading: Reading 42.4 Standards of Professional Conduct Guidance for Standards IV
PDF File: Reading 42.4 Standards of Professional Conduct Guidance for Standards IV.pdf
Page: 20
Status: Unattempted
Correct Answer: A
Question
An analyst belongs to a nationally recognized charitable organization, which requires dues for membership. The analyst has worked out a deal that he provides money management advice in lieu of paying dues. For this arrangement to comply with the standards, the analyst needs consent from:
Answer Choices:
A. both his supervisor in the organization and his regular place of work
B. his supervisor in the organization only
C. his supervisor in his regular place of work only
Explanation
An employee/employer relationship does not necessarily mean monetary compensation
for services. If the analyst is performing services for the organization, then the analyst
must treat the position as if he were an employee and obtain consent from both his
supervisor in the organization and in his regular place of work.
(Module 42.7, LOS 42: IV(B))