Reading 1- LOS B-Q11 statements, following, required, members, border

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According to the Code of Ethics, which of the following statements is FALSE? CFA Institute members are required to:

A) comply with the CFA Institute Performance Presentation Standards.

B) use reasonable care and exercise independent professional judgment.

C) practice and encourage others to practice in a professional and ethical manner.

D) maintain and improve their competence and strive to maintain the competence of others in the profession.

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The correct answer was A

The CFA Institute-PPS 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.