CFA Practice Question

There are 361 practice questions for this study session.

CFA Practice Question

To prevent situations from arising that could be perceived as influencing your independence, you should follow the following policies:

A. Beneficiaries of a pension fund are an analyst's primary responsibility, not the fund sponsors.
B. Do not engage in conduct involving dishonesty, fraud, deceit, and misrepresentations.
C. Limit gifts, pay your own travel costs, and disclose all special corporate relationships.
Correct Answer: C

User Contributed Comments 10

User Comment
isida shouldn't the answer be all choices???
LogicMan No since A and B are not related.
sharon It's about INDEPENDENCE.
0is4eva Tricky question. Every line in the question must be read carefully. Key word: "...influencing your independence...".

Standard II B: "...use reasonable care... maintain independence... ...not offer, solicit, accept any gift, benefit... could be expected to compromise... independence and objectivity."

The answers listed in A and B are not related to the "independence concept" and are therefore not eligible.
lilbut so where does a and b fall under?
CFAMarco A under duties to clients and B under profesionalism. I think.
copus tricky question...I also thought that all three were correct but upon closer reading, I realized that I had flubbed it big time!
bantoo Read the code Ib.A is not related to question and option b is Id. so C is the correct answer
sshetty2 key words here i think is Best Course of action. If you have the option to pay for it yourself that would likely be the most ethical way of completing the valuation
DrewEB86 Doesn't the standard stipulate you shouldn't be accepting gifts? This says LIMIT gifts? That's what threw me...
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