Why should I choose AnalystNotes?
AnalystNotes specializes in helping candidates pass. Period.
Basic Question 6 of 6
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.
B. Carly has violated Standard I (B) Independence and Objectivity.
C. Carly has not violated the Standards.
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.
User Contributed Comments 0
You need to log in first to add your comment.
I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
Learning Outcome Statements
evaluate practices, policies, and conduct relative to the CFA Institute Code of Ethics and Standards of Professional Conduct;
explain how the practices, policies, and conduct do or do not violate the CFA Institute Code of Ethics and Standards of Professional Conduct.
CFA® 2025 Level II Curriculum, Volume 6, Module 45.