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Sofia nice · 2024年08月13日

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NO.PZ2016032802000035

问题如下:

Recently, Cindy issued a research report. In the report, she stated that, "based on the fact that the vast tourists visit the East Asian these years which leads the East Asian Hotel Department have grown rapidly, we expect the majority of the industry companies are able to have great profits depending on the revenue increases. We also expect the trend which will continue for the next five years." Did Cindy violate any Code and Standards?

选项:

A.

No.

B.

Yes, because she failed to properly distinguish the facts from opinions.

C.

Yes, Because she failed to properly identify details.

解释:

A is correct.

According to V(B) Communication with Clients and Prospective Clients, which Cindy states was just her opinion and didn’t violate any Code and Standards. She was no need to report every detail about the possible investment.

我记得老师说,will,和should就代表不同的情绪,一个是将,是一种事实的阐述,一个是预计。


题目解释说“We expected.......包括We aslo be sure of....这also be sure of 也是属于预测内容。只不过他们对自己的预测比较坚定。

在分析报告里说,我们认为,我们预测,我们相信,我们确信等等,是可以的,这也是在表达一种Opinion。

如果在表达这个Opinion表达时,故意说成了是事实,比如说是以Based on the fact....来总结那就错了‘


那如果是我们确信,这种可以吗?如果说,我们认为一定会怎么样。这种和will感觉差不多啊

1 个答案

王暄_品职助教 · 2024年08月14日

您的理解是正确的。在撰写研究报告或进行任何形式的沟通时,表达意见和预测是可以的,但需要确保这些意见和预测被正确地标识和区分,以免误导读者或听众。


在CFA协会的道德准则中,V(B),分析师在表达意见时需要确保这些意见是基于合理的分析和判断,并且需要清晰地传达这些意见是主观的,而不是确凿的事实。

当您说“我们认为一定会怎么样”时,这实际上是一种表达意见的方式,类似于“我们预测”或“我们相信”。关键在于确保这种表达不会误导读者或听众,让他们误以为这是一个确凿的事实。如果您在表达意见时使用了“基于事实”或类似的措辞,但实际上您所说的是一个预测或主观判断,那么这就可能违反了清晰区分事实和意见的原则。

因此,当您表达确信或预测时,只要确保这些表达被正确地标识为意见,并且是基于合理的分析和判断,那么就是符合CFA协会的道德准则的。例如,您可以说:“我们认为,基于我们的分析和判断,某件事情很可能会发生。”这样的表述既表达了您的观点,又清晰地传达了这是一个主观的判断,而不是一个确凿的事实。


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