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Basic Question 3 of 6
Ava Lee works in Morestrict country. Ava has been posted to New York to work for a local client. She is an avid baseball fan and the client who is happy with her performance offers her a ticket to a World Series game. Ava informs her employer in writing about the gift and obtains her employer's consent. Morestrict law says that an employee may not accept even small gifts from clients, even with employer's consent. Morestrict law also says that the law of the client's home country governs. Ava has:
B. violated Standard 1 (A) Knowledge of the Law.
C. not violated the Standards.
A. violated Standard 1 (B) Independence and Objectivity.
B. violated Standard 1 (A) Knowledge of the Law.
C. not violated the Standards.
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I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
Learning Outcome Statements
evaluate practices, policies, and conduct relative to the CFA Institute Code of Ethics and Standards of Professional Conduct;
explain how the practices, policies, and conduct do or do not violate the CFA Institute Code of Ethics and Standards of Professional Conduct.
CFA® 2025 Level II Curriculum, Volume 6, Module 45.