CFA Practice Question

There are 291 practice questions for this study session.

CFA Practice Question

Carly Shuttle manages money for a client and has over the past five years achieved a return greater than the benchmark. In appreciation the client gifts Carly an all expenses paid Monaco weekend. Carly believes that the gift does not create a conflict of interest and does not disclose the gift to her supervisor.

A. Carly has not violated Standards I (B) Independence and Objectivity if after using her judgment she feels the gift did not compromise her independence.
B. Carly has violated Standard I (B) Independence and Objectivity.
C. Carly has not violated the Standards.
Correct Answer: B

Needs to disclose gift to employer.

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