Question #53
Reading: Reading 42.5 Standards of Professional Conduct Guidance for Standards V
PDF File: Reading 42.5 Standards of Professional Conduct Guidance for Standards V.pdf
Page: 27
Status: Incorrect
Correct Answer: B
Your Answer: A
Question
An analyst has several groups of clients who are categorized according to their specific needs. Compared to research reports distributed to all of the clients, reports for a specific group:
Answer Choices:
A. are not permitted by the Code and Standards
B. are required to include more basic facts
C. may generally exclude more basic facts
Explanation
According to Standard V(B) Communication with Clients and Prospective Clients, an analyst
can use reasonable judgment regarding the exclusion of some facts and should include
more basic facts for reports to wider audiences. The key issue is that analysts should tailor
their reports to the intended audience.
(Module 42.8, LOS 42: V(B))