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Chartered Financial Analyst
The Code of Ethics does NOT explicitly say that a CFA Institute member shall do which of the following?
A)
Actively lobby for new laws to protect the public.
B)
Act with integrity.
C)
Reflect credit on the profession.
D)
Exercise independent professional judgment.
. Reading 30: Financial Reporting Mechanics - LOS f ~ Q1-3
. Reading 2-I: Standards of Professional Conduct & Guida
. Reading 2-VI: Standards of Professional Conduct & Guidan
. Reading 43: Valuation in Emerging Markets - LOS b ~ Q11-15
. Reading 35: Analysis of Inventories - LOS a ~ Q16-20
The correct answer was A
The Code of Ethics says nothing about a CFA Institute member lobbying for new laws. In fact, legal issues are not a part of the Code. The Standards of Professional Conduct say that the member shall obey laws.
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