I am very confused on the expenses that a company can pay to a research analyst since I did a question related to that topic.
I always thought that an analyst cannot only accept the company for which he will do a research paper to pay him the travel expenses. I also thought that the only exception is IF it’s a location which is difficult to access.
Now the following question disturbs me…: an analyst and plans to visit a company that she is analyzing in order to prepare a research report. The Standard related to independence and objectivity: allows the analyst to accept transportation, lodging, expenses, and compensation for writing a research report, but requires that she disclose such an arrangement in her report (correct answer).
Why is that correct? I read that this analyst could only accept not to pay for these expenses if the location was difficult to access and that he has to pay for the accomodation…
can someone help me?