Question #22
Reading: Reading 41 Code of Ethics
PDF File: Reading 41 Code of Ethics.pdf
Page: 7
Status: Correct
Correct Answer: A
Question
Which of the following is a component of the Code of Ethics? CFA Institute members shall:
Answer Choices:
A. make reasonable efforts to detect and prevent violations by those who are under their supervision
B. disclose to their employer all matters that reasonably could be expected to interfere with their duty to their employer or ability to make unbiased and objective recommendations
C. strive to maintain and improve their competence and the competence of others in the profession
Explanation
Striving to maintain and improve their competence and the competence of others in the
profession is one of the components of the Code of Ethics, whereas the other statements
are part of the Standards of Professional Conduct.