CFA Practice Question
Carfu Carlton charges the bill for lunch with his personal friends to his office expense account.
A. Carfu has not violated the Standards as his lunches do not affect his ability to do his work well.
B. Carfu has violated Standard III, Duties to Clients.
C. Carfu has violated Standard I (D) Misconduct.
Explanation: Cheating on bills is a violation, it 'reflects adversely on professional reputation, integrity, or competence.'
User Contributed Comments 1
| User | Comment |
|---|---|
| Mikehuynh | I(D) Misconduct: - Get drunk during office hour - Conviction of felony, misdemeanor with jail term more than 12 months - Cheating on bills - Involve in criminal or illegal activities |