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Which of the following statements about Standard IV(C), Responsibilities of Supervisors, is NOT correct? CFA Institute members with supervisory authority: A. are expected to bring an inadequate compliance system to the attention of the firm's senior managers and recommend corrective action. B. may delegate supervisory duties, which relieves them of their supervisory authority. C. are expected to have in-depth knowledge of the Code and Standards and to apply this knowledge in discharging their supervisory responsibilities. |