) WHICH OF THE PRINCIPLES IN AKINYI'S RECOMMENDATION 1 IS LEAST LIK...

2.) Which of the principles in Akinyi's Recommendation 1 is least likely sufficient to meet

the principles of the Asset Manager Code of Professional Conduct?

A. Principle 3

B. Principle 2

C. Principle 1

Answer = A

"Asset Manager Code of Professional Conduct," by Kurt Schacht, Jonathan J. Stokes, and

Glenn Doggett

Appendix, Recommendations and Guidance, Section 6; Section E: Performance and

Valuation

Although it is true that managers are recommended to provide performance data on a

timely basis, they also have the responsibility to present performance information that

is fair, accurate, relevant, and complete. Given this requirement, it may not always be

possible to provide this information to clients within three days, particularly in

complicated scenarios.