Question
Why does issuing a recommendation without independent research violate Standard V(A)?
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Answer
It lacks adequate diligence and a reasonable basis.
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Question
In Standard V(A), what makes a research basis "reasonable" before making a recommendation?
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Answer
Adequate investigation, analysis, and support for the conclusion.
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Question
Why is using an anonymous model without understanding it a Standard V(A) violation?
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Answer
You lack a reasonable basis for using its outputs.
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Question
What must an analyst understand about a third-party model to satisfy Standard V(A)?
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Answer
Its methodology, assumptions, limitations, and data inputs.
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