CFA Institute Area 1-2: Ethical and Professional Standards
Session 1: Ethical and Professional Standards
Reading 1: Code of Ethics and Standards of Professional Conduct

LOS a, (Part 1): State the six components of the Code of Ethics.

1、All of the following are components of the Code of Ethics EXCEPT:

A)   striving to maintain and improve their competence and the competence of others in the profession.

B)   acting with integrity, competence, respect, and in an ethical manner when dealing with others.

C)   demonstrating diligence, independence, and thoroughness when preparing investment reports.

D)   using reasonable care and exercising independent professional judgment.

The correct answer was  C)
 Demonstrating diligence, independence, and thoroughness when preparing investment reports is found in the Standards of Professional Conduct.
 

2、John Elliot, CFA, says that in issues of ethics he always puts the clients first according to the guidelines in the Code of Ethics. In doing so he is:

A)   not correct because no such ordering or priority is given in the Code.

B)   not correct because his first duty is to the public.

C)   not correct because his first duty is to his employer as long as the employer is enforcing the Standards.

D)   correct.

The correct answer was A)
Component one mentions duties to the public, clients, prospects, employers, employees, and fellow members. No ordering of priorities is given.
 

本Reading全部习题请下载以下文件：

[此贴子已经被作者于2008-1-8 16:02:51编辑过]