Study Session 1: Ethical and Professional Standards Flashcards
Describe the structure of the CFA Institute Professional Conduct Program and the process for the enforcement of the Code and Standards.
READING 1. CODE OF ETHICS AND STANDARDS OF PROFESSIONAL CONDUCT
Answer:
State the six components of the Code of Ethics and the seven Standards of Professional Conduct.
READING 1. CODE OF ETHICS AND STANDARDS OF PROFESSIONAL CONDUCT
Answer:
Explain the ethical responsibilities required by the Code and Standards, including the sub-sections of each Standard.
READING 1. CODE OF ETHICS AND STANDARDS OF PROFESSIONAL CONDUCT
Answer:
Demonstrate the application of the Code of Ethics and Standards of Professional Conduct to situations involving issues of professional integrity.
READING 2. GUIDANCE FOR STANDARDS I–VII
Answer:
Distinguish between conduct that conforms to the Code and Standards and conduct that violates the Code and Standards.
READING 2. GUIDANCE FOR STANDARDS I–VII
Answer:
Recommend practices and procedures designed to prevent violations of the Code of Ethics and Standards of Professional Conduct.
READING 2. GUIDANCE FOR STANDARDS I–VII
Answer:
Explain why the GIPS standards were created, what parties the GIPS standards apply to, and who is served by the standards.
READING 3. INTRODUCTION TO THE GLOBAL INVESTMENT PERFORMANCE STANDARDS (GIPS)
Answer:
Explain the construction and purpose of composites in performance reporting.
READING 3. INTRODUCTION TO THE GLOBAL INVESTMENT PERFORMANCE STANDARDS (GIPS)
Answer:
Explain the requirements for verification.
READING 3. INTRODUCTION TO THE GLOBAL INVESTMENT PERFORMANCE STANDARDS (GIPS)
Answer:
Describe the key features of the GIPS standards and the fundamentals of compliance.
READING 4. THE GIPS STANDARDS
Answer:
Describe the scope of the GIPS standards with respect to an investment firm’s definition and historical performance record.
READING 4. THE GIPS STANDARDS
Answer:
Explain how the GIPS standards are implemented in countries with existing standards for performance reporting and describe the appropriate response when the GIPS standards and local regulations conflict.
READING 4. THE GIPS STANDARDS
Answer:
Describe the nine major sections of the GIPS standards.
READING 4. THE GIPS STANDARDS
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