题目内容

Which of the following statements is most accurate about the responsibilities of an auditor for a publicly traded firm in the United States? The auditor:

Assures the reader that the financial statements are free from error,fraud,or illegal acts.
B. Must express an opinion about the effectiveness of the companys internal control systems.
C. Must state that he prepared the financial statements according to generally accepted accounting principles.

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Benefits of compliance with the CFA Institute Global Investment Performance Standards (GIPSR)least likely include:

A. Strengthening of internal controls.
B. Participation in competitive bidding.
C. Elimination of in-depth due diligence for investors.

A low price range in which buying activity is sufficient to stop a price decline is best described as:

A. support.
B. resistance.
Change in polarity.

The least likely way to terminate a swap is to:

A. Purchase and exercise a swaption.
B. Pay the market value to the counterparty.
C. Sell an offsetting swap listed on an exchange.

Gardner Knight, CFA, is a product development specialist at an investment bank. Knight is responsible for creating and marketing collateralized debt obligations (CDOS) consisting of residential mortga

A. Suitability
B. Conflicts of Interest
Client Communication

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