
Answer-first summary for fast verification
Answer: designating specific employees authorized to represent the firm.
**Explanation:** - **Option A** is correct because the Standard on Misrepresentation recommends that firms designate specific employees who are authorized to speak on behalf of the firm. This helps prevent unauthorized or misleading statements. - **Option B** is incorrect. While reviewing employee correspondence and qualifications is recommended, quarterly competency assessments for presenters are not explicitly mentioned as a procedure under this Standard. - **Option C** is incorrect. Although verifying third-party information is important, the Standard does not recommend that firms require each employee to develop their own verification procedures. Instead, firms should establish centralized processes for such verification. This aligns with the ethical and professional standards aimed at preventing violations of the Code of Ethics and Standards of Professional Conduct.
Author: LeetQuiz Editorial Team
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Which of the following procedures is recommended for ensuring compliance with the Standard on Misrepresentation? Firms can mitigate misrepresentation risks by:
A
designating specific employees authorized to represent the firm.
B
conducting quarterly competency assessments for employees presenting to clients.
C
requiring employees to establish verification processes for third-party information provided to clients.