Question: Is the proposed compliance officer structure for McGowan consistent with the CFA Institute Code and Standards?
A. No, with regard to policies and procedures.
B. Yes.
C. No, with regard to coordination with legal.
I can already tell you the answer is A, without reading the vignette… I’ve read this story about 5 times now lol. McGowan is a new hire and he needs to redo the policies and procedures , that were created at the inception of the company. I think the CFAI version only uses a different name…
this whole case is in the topic tests