Question 1 KinYaps firm advertises its past performance record by presenting the 10-year return of a composite of its client accounts. Nevertheless, KinYap discovers that the composite omits the performance of accounts that have left the firm during the 10-year period and that this omission has led to an inflated performance figure. KinYap is asked to adopt promotional materials that consist of the erroneous performance figure when soliciting business for the firm. Required: (a) Discuss the Code and Standards that KinYap has violated if KinYap adopts the promotional materials. (7 marks) (b) Recommend practices and procedures that KinYap should apply to prevent violations of the Code of Ethics and Standards of Professional Conduct. (9 marks) (c) Explain the requirements of Standard II(A) Integrity of Capital Markets with respect to material non-public information and mosaic theory. (9 marks)