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You'll need to know the numbers (is it a violation of Standard III or IV). Also play very close attention to the nuances and examples in the CFA books.

On the actual exam, you're going to see questions that draw really fine lines between two standards, and you have to identify which is the more applicable. For example, you know it's a violation, and you know it pertains to both III and IV, but you have to choose and it's difficult.