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According to the recommended procedures for compliance with the Standard relating to diligence and reasonable basis, members should encourage their firms to:
A
Assess the suitability of external advisors by tailoring the evaluation criteria for each advisor.
B
Set upper limits for scenario testing of all computer-based models utilized in assessing financial instruments.
C
Designate a supervisory analyst to verify that research reports are grounded in a reasonable and adequate basis before external distribution.
