Need of Professional Standards in Financial Analysis

In Financial analysis and management certain basic professional standards are followed by all financial analysts. Financial analysts of different countries or different graduation follow separate “Knowledge Body” but the professional standards they follow serve the same needs.

The financial analysis and investment management field requires professional standard due to the following reasons.

1. To provide competent, objective and trustworthy investment advice to clients and public.

2. To maintain and improve professional competence.

3. Certain basic fundamental standards are followed so that it is universally acceptable and easy to understand.