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