- With respect to the fees he receives as a football referee, has Peña violated any CFA Institute Standards? A. No. B. Yes, because he failed to receive written consent from his employer. C. Yes, because he failed to receive written consent from all parties involved. Correct Answer: A I put “B” since Pena’s referee activities “is a significant time commitment,” and should need to disclose this and receive written consent from his employer, no? I’ve found some inconsistencies with the Additional Compensation requirements. When do you need to receive written consent from your employer, from all parties involved and when do you not need it??
Read the first few words… “With respect to the FEES…” I think that says it all… Important acronym… = RTFQ…
Because they are insignificant ?
Yes, they have to be material in order to create a conflict of interest… In that case, the question says that the employer and the employee agreed that they were not material…