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"morality" exercise:The six components of the CFA Code of Ethics

來源: 正保會計網校 編輯:小鞠橘桔 2020/11/26 09:33:19  字體:

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學習是一個不斷積累的過程,每天學習一點,每天進步一點!為了幫助大家更高效地備考2021年CFA考試,正保會計網校每日為大家上新CFA習題供大家練習。讓網校與您一起高效備考2021年CFA考試,夢想成真!

Questions 1:

Which of the following statements most likely reflects one of the six components of the CFA Code of Ethics? Candidates must:

A、 place the integrity of the investment profession above their own interests. 

B、 promote the viability of the global capital markets for their employer’s benefit.

C、 ignore unprofessional conduct displayed by others within the profession. 

Questions 2:

Tamlorn Mager, CFA, is an analyst at Pyallup Portfolio Management. CFA Institute recently notified Mager that his CFA Institute membership was suspended for a year because he violated the CFA Code. A hearing panel also came to the same conclusion. Mager subsequently notified CFA Institute that he does not accept the sanction or the hearing panel’s conclusion. Which of the following actions by Mager is most consistent with the CFA Institute Standards of Professional Conduct Program?

A 、Presenting himself to the public as a CFA charterholder.

B 、Providing evidence for his position to an outside arbitration panel.

C 、Using his CFA designation upon expiration of the suspension period.

View answer resolution
【Answer to question 1】A

【analysis】

A is correct. CFA charterholders and candidates must place the integrity of the investment profession and the interests of clients above their own personal interests.

 B is incorrect. CFA charterholders and candidates must promote the integrity and viability of the global capital markets for the ultimate benefit of society. 

 C is incorrect. Charterholders and candidates must practice and encourage others to participate in a professional and ethical manner that will reflect credit on themselves and the profession. By ignoring unprofessional conduct of others, a member or candidate is not encouraging others to behave in a manner that reflects well on the profession.

【Answer to question 2】C

【analysis】

C is correct because the Designated Officer may impose a summary suspension on a member or candidate, which may be rejected or accepted by the member or candidate. If the member or candidate does not accept the proposed sanction, the matter is referred to a hearing panel composed of DRC members and CFA Institute member volunteers affiliated with the DRC. In this case, the hearing panel also affirmed the suspension decision by the Designated Officer and therefore the member loses the right to use his designation for a one-year period. Upon expiration of the suspension period, the analyst would be able to use his CFA designation.

 A is incorrect because even though the member or candidate does not accept the proposed sanction, the hearing panel review process has affirmed the original disciplinary action, so the member loses the right to use his designation for a one-year period. The analyst would not be able to continue use of his CFA designation because he disagrees with the sanction.

 B is incorrect because all members agree to abide by the CFA Institute Code and Standards, and there is no process for adjudication by an outside arbitration panel.

成功=時間+方法,自制力是這個等式的保障。世上無天才,高手都是來自刻苦的練習。而人們經常只看到“牛人”閃耀的成績,其成績背后無比寂寞的勤奮。小編相信,每天都在勤奮練習,即使是一點點的進步,大家一定可以成為人人稱贊的“牛人”。更多CFA考試資訊,點擊了解>

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