答案和详解如下： 31、Kenny Barrett, CFA, is working in the Australian office of American Investments Co. From an informal conversation, Barrett learns that the company’s most recent investment report was based on misappropriated information. No one at the Australian office expresses concern, however, because there has been no breach of Australian law. Barrett should: A) do nothing because the branch is outside of U.S. jurisdiction. B) seek advice from company counsel to determine appropriate action. C) make public statements about the source of the information. D) disassociate himself from the case with a written report to his supervisor. The correct answer was
B) Kenny’s best choice is to seek the company counsel’s advice. If Kenny does nothing, he is breaching Standard I(A) Knowledge of the Law. Disassociation is not enough, and a public statement can result in a negative impact on the company. 32、CFA Institute believes: A) that a maximum level of professional responsibility and conduct dictates that members be aware of and comply with laws, rules, and regulations governing their conduct. B) companies should set standards based on the ethics of upper management and the board of directors. C) that firms should comply with all domestic laws and regulations and that these laws also govern behavior in foreign markets, regardless of foreign laws and requirements. D) that a minimum level of professional responsibility and conduct dictates that members be aware of and comply with laws, rules, and regulations governing their conduct. The correct answer was
D) CFA Institute’s Code and Standards dictate a minimum level of conduct. Standards should not be based on ethics of upper management and the board of directors of a company. Firms must comply with the strictest applicable standards, whether they be foreign or domestic laws and regulations. 33、CFA Institute members should encourage their employers to do all of the following EXCEPT: A) make clear that dishonest personal behavior reflects poorly on the profession. B) adopt a code of ethics to which every employee must subscribe. C) require employees to write personal ethics statements. D) conduct background checks on potential employees to ensure that they are of good character and eligible to work in the investment industry. The correct answer was
C) There is no reason to have employees write personal ethics statements. CFA Institute encourages all of the other actions. 34、What is the rule of thumb for members, CFA charterholders and candidates in the CFA program when weighing the requirements of the CFA Institute Code and Standards and the requirements of local laws? If the applicable laws are: A) more strict, they must still follow the Code and Standards. B) less strict, they must still follow the local country laws. C) more strict, they must adhere to the applicable laws. D) less strict, they should make a judgment call on which to follow, the Code and Standards or the local laws and requirements. The correct answer was
C) The rule of thumb for members, CFA charterholders and candidates in the CFA program requires that they adhere to the applicable laws if the applicable laws are more strict than the requirements of the Code and Standards. If there are no laws or the laws are less strict, they must adhere to the Code and Standards. 35、Which of the following statements about the responsibilities of CFA charterholders is TRUE? CFA charterholders: A) must comply with the laws and rules governing their profession or must not engage in any individual behavior that reflects adversely on the entire profession. B) are not obligated to a special set of standards, but must act honorably. C) are only obligated to comply with securities laws in the U.S. D) must comply with the laws and rules governing their profession and must not engage in any individual behavior that reflects adversely on the entire profession. The correct answer was
D) CFA charterholders must comply with the laws and rules governing their profession and must not engage in any individual behavior that reflects adversely on the entire profession. While they should act honorably and follow U.S. securities laws, they are obligated to more than that, as set forth in the Code and Standards. | 
发表于 2008-4-3 17:44
|