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1.In situations where the laws of a member or candidate's country of residencethe local laws of regions where the member or candidate does businessand the Code and Standards specify different requirementsthe member or candidate must abide by

A.local law or the Code and Standardswhichever is stricter.

B.the Code and Standards or his country's lawswhichever are stricter.

C.the strictest of local lawhis country's lawsor the Code and Standards.

【答C

【解析】To comply with Standard IAKnowledge of the Lawa member must always abide by the strictest applicable lawregulationor standard.

2.According to the Standard on independence and objectivitymembers and candidatesOA.may accept gifts or bonuses from clients.

OB.may not accept compensation from an issuer of securities in return for producing research on those securities.

OC.should consider credit ratings issued by recognized agencies to be objective measures of credit quality.


【答A

【解析】Gifts from clients are acceptable under Standard IBIndependence and Objectivitybut the Standard requires members and candidates to disclose such giftsto their employers.Standard IBallows issuer-paid research as long as the analysis is thoroughindependentunbiasedand has a reasonable and adequate basis for its conclusionsand the compensation from the issuer is disclosed.Members and candidates should consider the potential for conflicts of interest inherent in credit ratings and may need to do independent research to evaluate the soundness of these ratings.