Which of the following relating to compliance procedures for complying with Standard III (E) is false? The compliance procedures should:

Which of the following relating to compliance procedures for complying with Standard III (E) is false? The compliance procedures should:
A . none of these answers.
B . outline permissible conduct.
C . delineate procedures for reporting violations and sanctions.
D . designate a team of outside colleagues to form a review board.
E . outline the scope of the procedures.
F . be easy to understand.

Answer: D

Explanation:

The compliance officer should be designated from within the firm.