CFA职业道德与专业行为标准（CFA Ethical and Professional Standards）向来是CFA一级和CFA二级考试的重点之一（CFA一级的比重达15%）。
在CFA考试中，涉及到职业道德与专业行为标准的考题往往最先出现。迅速并准确解答这部分考题，不仅有助于从考试开始就建立起信心，也能提高通过考试的机率。
Questions 1:
Which of the following is least likely a requirement of the GIPS standards?Firms are required to:
A、have their performance records verified by an independent third party.
B、include all discretionary,fee-paying portfolios in at least one composite.
C、present a minimum of five years of annual investment performance compliant withGIPS standards.
【Answer to question 1】A
【analysis】
A is correct because it is a recommendation but not a requirement that firms obtain independent third-party verification to claim GIPS compliance.Firms are required to include all discretionary,fee-paying portfolios in at least one composite.They must also present a minimum of five years of annual investment performance compliant with GIPS standards.
B is incorrect because it is a requirement.
C is incorrect because it is a requirement.
Questions 2:
In cases where applicable local laws governing calculation and presentation of investment performance conflict with the GIPS standards,firms are:
A、unable to claim GIPS compliance in cases where local regulations prohibit accurate calculation.
B、required to calculate and maintain two sets of performance data in order to claim GIPS compliance.
C、required to comply with local regulations and make full disclose of the conflict to claim GIPS compliance.
【Answer to question 2】C
【analysis】
C is correct because in cases where applicable local laws governing calculation and presentation of investment performance conflict with the GIPS standards,firms are required to comply with local regulations and make full disclose of the conflict in the compliant presentation.
A is incorrect because is a not a requirement for or obstacle to GIPS compliance in cases where local laws conflict with GIPS standards.
B is incorrect because is a not a requirement for or obstacle to GIPS compliance in cases where local laws conflict with GIPS standards.
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以上就是【
CFA道德规范和专业行为准则练习题＂Morality＂ Exercise: Investment performance and GIPS standard】的全部解答，如果想要学习更多知识，欢迎大家前往
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