Question #1
Reading: Reading 41 Code of Ethics
PDF File: Reading 41 Code of Ethics.pdf
Page: 1
Status: Correct
Correct Answer: A
Question
According to the Code of Ethics, which of the following statements is NOT correct? CFA Institute members are required to:
Answer Choices:
A. comply with the CFA Institute Global Investment Performance Standards
B. use reasonable care and exercise independent professional judgment
C. maintain and improve their competence and strive to maintain the competence of others in the profession
Explanation
The CFA Institute-GIPS are voluntary standards for the industry. Firms are not required to
comply with these standards when presenting performance. The other statements are
each components of the CFA Institute Code of Ethics.