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CFA Level I · CFA Level I Exam · Guidance for Standard V: Investment Analysis, Recommendations, and Actions

Sofia Marchetti, a CFA candidate, is one of four members of a research team that publishes a group report on a retailer. She personally favors a more cautious rating than the team consensus, but she believes the consensus rating has a reasonable and adequate basis and is independent and objective. Her name appears on the report. Under Standard V(A), Marchetti most likely:

Marchetti may stay associated with the report. Group conclusions represent the team consensus rather than each member's view, and because she believes the consensus has a reasonable and adequate basis and is independent and objective, she does not need to dissociate from it despite disagreeing.

  1. Amay remain associated with the report without dissociating from itCorrect
  2. Bmust ask for her name to be removed from the report
  3. Cmust publish a separate report stating her own rating

Explanation

A group report represents the consensus of the group, not necessarily each member's view. If the member believes the consensus has a reasonable and adequate basis and is independent and objective, she does not need to dissociate even though it differs from her opinion. Requiring removal or a separate report goes beyond the standard.

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