CFA一级Ethical and Professional Standards.doc

1一、Ethical and Professional Standards1.: Code of EthicsQuestion ID: 27272All of the following are components of the Code of Ethics EXCEPT:A. demonstrating diligence, perseverance, and thoroughness when preparing investment reports.B. using reasonable care and exercising independent professional judgment.C. acting with integrity, competence, dignity, and in an ethical manner when dealing with others.D. striving to maintain and improve their competence and the competence of others in the profession.AThe final component in the Code of Ethics is practicing and encouraging others to practice in a professional and ethical manner that will reflect credit on members and their profession.Question ID: 27271Which of the following is NOT a component of the Code of Ethics? In dealing with the public, clients, prospects, employers, employees, and fellow members, AIMR members shall act with:A. dignity.B. competence.C. integrity.D. humility.DAlthough acting with humility may be desirable, AIMR members are not required to do so. However, they should act in a manner that reflects credit on themselves and their profession.Question ID: 10579Which of the following is NOT part of the AIMR's Code of Ethics?2A. Integrity and dignityB. CompetenceC. Contractual provisionsD. Independent judgment CQuestion ID: 10582In dealing with the public and others, the AIMR Code of Ethics indicates that AIMR members will act with:A. integrity, competence, and dignity.B. honesty, professionalism, and goodwill.C. confidence, knowledge, and high ethical standards.D. conviction, skill, and ethical awareness. AQuestion ID: 10584Which of the following is a component of the Code of Ethics?A.Members shall not engage in any professional conduct involving dishonesty, fraud, deceit, or misrepresentation or commit any act that reflects adversely on their honesty, trustworthiness, or professional competence.B.Candidates in the CFA Program, as defined in the AIMR Bylaws, may reference their participation in the CFA Program, but the reference must clearly state that an individual is a candidate in the CFA Program and cannot imply that the candidate has achieved any type of partial designation.C. Members shall use reasonable care and exercise independent professional judgment.D. Members shall not knowingly participate or assist in any violation of such laws, rules, or regulations. 3CThis is a component of the Code of Ethics. Others pertain to the Standards of PracticeQuestion ID: 10581The AIMR Code of Ethics includes all of the following except AIMR members shall:A. act with integrity, competence, and dignity.B. practice their profession in an ethical manner.C. not knowingly violate the securities acts and laws.D. exercise independent judgment. C2-I.: Standards of Professional Conduct: I. Fundamental ResponsibilitiesQuestion ID: 27278Matt LeBlanc, a CFA charterholder, is an investment analyst for a small stock brokerage firm. He wants to acquire and maintain knowledge about applicable laws, rules, and regulations relating to his professional activities. According to the AIMR Standards of Professional Conduct, which of the following ways is least likely to meet compliance procedures?A. Maintain current files on applicable statues, rules, and regulations.B. Rely on past practices followed within his firm.C. Review written compliance procedures on a regular basis.D. Keep informed about changes in applicable laws, rules, and regulations.CLeBlanc should follow the compliance procedures under Standard IA -- Fundamental Responsibilities. Relying on his firm’s past practices may be insufficient for LeBlanc to stay current with changes in applicable laws, rules, and regulations.Question ID: 10479Robe Advisory Services operates an office in San Francisco, where it manages portfolios for its clients based in the United States. The firm also maintains an office in Tokyo, where it 4employs Sam Lee, CFA, who researches Japanese stocks. Lee is required to maintain knowledge of and comply with all applicable laws, rules, and regulations in:A. both the U.S. and Japan, but not the AIMR Standards of Professional Conduct.B. both the U.S. and Japan and the AIMR Standards of Professional Conduct.C. Japan, but not the U.S., and the AIMR Standards of Professional Conduct.D. the U.S., but not Japan, and the AIMR Standards of Professional Conduct. AQuestion ID: 27277Janet Green, CFA, provides investment advice and other services to clients in several countries. She resides in Country A whose securities laws and regulations are less strict than the Code and Standards. She also conducts business with clients in Country B, which has no securities laws or regulations, and in Country C, which has securities laws and regulations that are stricter than the Code and Standards. Which of the following statements is TRUE? According the AIMR Standards of Professional Conduct, Green must adhere to the Code and Standards in:A. Country A and Company B but the law in Country C.B. Countr。