Which of the following is NOT true about the responsibilities of a member with supervisory duties, as specified by Stand
Posted: Sun Aug 07, 2022 5:58 pm
Which of the following is NOT true about the responsibilities of a member with supervisory duties, as specified by Standard III (E) - Responsibilities ofSupervisors?
A. Compliance activities must be designed to anticipate the activities most likely to result in misconduct.
B. Compliance procedures must meet industry and regulatory standards.
C. The supervisor is always accountable for the violations committed by those who report to him.
D. If a member cannot discharge supervisory responsibilities due to an absence of compliance system, he or she should decline to accept the duties in writing till such a system is put into effect.
A. Compliance activities must be designed to anticipate the activities most likely to result in misconduct.
B. Compliance procedures must meet industry and regulatory standards.
C. The supervisor is always accountable for the violations committed by those who report to him.
D. If a member cannot discharge supervisory responsibilities due to an absence of compliance system, he or she should decline to accept the duties in writing till such a system is put into effect.