Question #13
Reading: Reading 42.7 Standards of Professional Conduct Guidance for Standards VII
PDF File: Reading 42.7 Standards of Professional Conduct Guidance for Standards VII.pdf
Page: 5
Status: Incorrect
Correct Answer: B
Your Answer: A
Question
For the past 5 years, Karen Beckworth, CFA, has served as a proctor for the CFA exam. Beckworth tells her assistant, a Level III CFA candidate, that she normally receives the examinations on the Thursday before the exam. Given the low pass rate at Level III, Beckworth asks her assistant if he would like an advance copy of the next exam. Beckworth's assistant declines the offer. Beckworth's assistant has been very vocal about expressing his opinions about the low pass rate. The assistant claims, "there are too many charterholders and CFA Institute is deliberately failing candidates because the prestige of the CFA charter is becoming diluted." With regard to Standard VII(
Answer Choices:
A. Neither Beckworth nor her assistant is in violation of Standard VII(A)
B. Beckworth is in violation of Standard VII(A), but her assistant is not in violation
C. Both Beckworth and her assistant are in violation of Standard VII(A)
Explanation
Beckworth is in violation of Standard VII(A), Conduct as Participants in CFA Institute
Programs. Beckworth compromised the integrity of the exam by offering her assistant an
advance copy. Beckworth's assistant is allowed to express his opinion without violation of
any Standards.
(Module 42.10, LOS 42: VII(A))