Question
Lawrence Hall, CFA, and Nancy Bishop, CFA, began a joint research report on Stamper Corporation. Bishop visited Stamper’s corporate headquarters for several days and met with all company officers. Prior to the completion of the report, Bishop was reassigned to another project. Hall utilized his and Bishop’s research to write the report but did not include Bishop’s name on the report because he did not agree with and changed Bishop’s conclusion included in the final report. According to the CFA Institute Standards of Practice Handbook, did Hall most likely violate any CFA Institute Standards of Professional Conduct?
A No.
B Yes, with respect to misrepresentation.
C Yes, with respect to diligence and reasonable basis.
Solution
A is correct because members are in compliance with Standard V (A)–Diligence and Reasonable Basis if they rely on the research of another party who exercised diligence and thoroughness. Because Bishop’s opinion did not agree with the final report, disassociating her from the report is one way to handle this difference between the analysts.
B is incorrect because Hall did not make any misrepresentation.
C is incorrect because Hall is allowed to rely on a third party who exercised diligence and thoroughness.
感觉这题很怪异，请问这个题目该怎么理解B和C选项？
去调查的不是Hall，他只是根据Bishop的调查结论得出了结果，还是不同的结果，这个算不算 违反 diligence and reasonable basis ？
不带Bishop 的名字而引用他之前的调查内容，算不算违反 misrepresentation？
