CFA Practice Question

There are 361 practice questions for this study session.

CFA Practice Question

David Oregan enrolled to take the Level III CFA examination in the current year. However, he did not take the exam. Oregan advised his employer that he passed Level III. Subsequently, he registered to take the Level III exam the next year. Which CFA Institute Standard of Professional Conduct did Oregan least likely violate?
A. Duty to Employer
B. Professional Misconduct
C. Referencing Candidacy in the CFA Program
Explanation: Members should not engage in conduct involving dishonesty, fraud, deceit, or misrepresentation (Misconduct). The candidate's dishonesty is not addressed in the Standard relating to Duty to Employer, however. As he registered to take the exam in the next year, he still qualifies to state that he is a candidate, but he lied to his employer about passing the examination, which is a professional misconduct violation.

User Contributed Comments 5

User Comment
rjh512 doesn't that imply that the answer should be B?
mih01008 B and C are likely, A is least likely
gyee2012 I was reading the question wrong... when it implies least likely, 2 out of the three is correct, 1 is wrong
fxab "..still qualifies to state that he is a candidate..", isn't C the least likely violation then?
JNW1980 How did he misuse referencing candidacy? Ostensibly he would have referenced his candidacy when he was a candidate even though he skipped the exam. Then he was a candidate again.... There was nothing in the paragraph about him saying he wasn't a candidate when he was.
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