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Subject 1. Ethics PDF Download
Ethics is the study of moral principles used to make good choices.

  • Ethical principles are beliefs regarding what is good, acceptable, or responsible behavior, and what is bad, unacceptable, or forbidden behavior. They provide guidance for our behavior.
  • Ethical conduct is behavior that follows moral principles.
  • Ethical actions are those actions that are perceived as beneficial and conform to the ethical expectations of society.

Ethics encompass a set of moral principles (code of ethics) and standards of conduct that provide guidance for our behavior. Violations can harm the community in a variety of ways.

Learning Outcome Statements

a. explain ethics;

CFA® 2021 Level I Curriculum, 2021, Volume 1, Reading 1

User Contributed Comments 4

User Comment
fanqc principles -- behavior
conduct -- what principle should followed.
actions -- actions are conform to the ethical
sumeetdave IT SEEMS TO BE OKAY
nav3462 perceived : what is beleived
conform :comply with set of rules and regulations
khalifa92 Code of ethics: general guide regarding proper conduct by members.
Standards: serve as benchmarks for the minimally accepted behavior required by members.
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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
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