CFA一级内容CFA历年考试模拟题一.docx
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CFA一级内容CFA历年考试模拟题一
CFA一级内容:
CFA历年考试模拟题
(一)
一、EthicalandProfessionalStandards
1.:
CodeofEthics
A.:
StatethefourcomponentsoftheCodeofEthics.
MembersofAIMRshall:
1.Actwithintegrity,competence,dignity,andinanethicalmannerwhendealingwiththepublic,clients,prospects,employers,employees,andfellowmembers.
2.Practiceandencourageotherstopracticeinaprofessionalandethicalmannerthatwillreflectcreditonmembersandtheirprofession.
3.Strivetomaintainandimprovetheircompetenceandthecompetenceofothersintheprofession.
4.Usereasonablecareandexerciseindependentprofessionaljudgment.
tolaunchStandardsofPractice
2-I.:
StandardsofProfessionalConduct:
I.FundamentalResponsibilities
A.:
Knowthelawsandrules.
Standard:
Maintainknowledgeofandcomplywithallapplicablelaws,rules,andregulations(includingAIMR’sCodeofEthicsandStandardsofProfessionalConduct)ofanygovernment,governmentagency,regulatoryorganization,licensingagency,orprofessionalassociationgoverningthemembers’professionalactivities.
Compliance:
Memberscanacquireandmaintainknowledgeaboutapplicablelaws,rules,andregulationsby:
·Maintainingcurrentfilesonapplicablestatutes,rules,andregulations.
·Keepinginformed.
·Reviewingwrittencomplianceproceduresonaregularbasis.
B.:
Don'tbreakorhelpothersbreakthelaw.
Standard:
Notknowinglyparticipateorassistinanyviolationofsuchlaws,rules,orregulations.
Compliance:
Whenmemberssuspectaclientoracolleagueofplanningorengaginginongoingillegalactivities,membersshouldtakethefollowingactions:
·Consultcounseltodetermineiftheconductis,infact,illegal.
·Disassociatefromanyillegalorunethicalactivity.Whenmembershavereasonablegroundstobelievethataclient’soremployee’sactivitiesareillegalorunethical,themembersshoulddissociatefromtheseactivitiesandurgetheirfirmtoattempttopersuadetheperpetratortoceasesuchactivity.
2-II.:
StandardsofProfessionalConduct:
II.RelationshipswithandResponsibilitiestotheProfession
A.:
UseofProfessionalDesignation
II(A.1)
AIMRmembersmayreferencetheirmembershiponlyinadignifiedandjudiciousmanner.Theuseofthereferencemaybeaccompaniedbyanaccurateexplanationoftherequirementsthathavebeenmettoobtainmembershipintheseorganizations.
II(A.2)
ThosewhohaveearnedtherighttousetheCharteredFinancialAnalystdesignationmayusethemarks“CharteredFinancialAnalyst”or“CFA”andareencouragedtodoso,butonlyinaproper,dignified,andjudiciousmanner.Theuseofthedesignationmaybeaccompaniedbyanaccurateexplanationoftherequirementsthathavebeenmettoobtaintherighttousethedesignation.
II(A.3)
CandidatesintheCFAProgram,asdefinedintheAIMRBylaws,mayreferencetheirparticipationintheCFAProgram,butthereferencemustclearlystatethatanindividualisacandidateintheCFAProgramandcannotimplythatthecandidatehasachievedanytypeofpartialdesignation.
B.:
ProfessionalMisconduct
II(B.1)
Membersshallnotengageinanyprofessionalconductinvolvingdishonesty,fraud,deceit,ormisrepresentationorcommitanyactthatreflectsadverselyontheirhonesty,trustworthiness,orprofessionalcompetence.
II(B.2)
MembersandcandidatesshallnotengageinanyconductorcommitanyactthatcompromisestheintegrityoftheCFAdesignationortheintegrityorvalidityoftheexaminationsleadingtotheawardoftherighttousetheCFAdesignation.
Compliance:
1.Makeclearthatdishonestpersonalbehaviorreflectspoorlyontheprofession.
2.Adoptacodeofethicstowhicheveryemployeemustsubscribe.
3.Conductbackgroundchecksonpotentialemployeestoensurethattheyareofgoodcharacterandeligibletoworkintheinvestmentindustry.
C.:
ProhibitionagainstPlagiarism
Standard:
Membersshallnotcopyoruse,insubstantiallythesameformastheoriginal,materialpreparedbyanotherwithoutacknowledgingandidentifyingthenameoftheauthor,publisher,orsourceofsuchmaterial.Membersmayuse,withoutacknowledgment,factualinformationpublishedbyrecognizedfinancialandstatisticalreportingservicesorsimilarsources.
Compliance:
1.Maintaincopiesofmaterialsthatwerereliedoninpreparingtheresearchreport.
2.Attributequotations(andprojections,tables,statistics,models,andmethodologies)usedotherthanrecognizedfinancialandstatisticalreportingservices.
3.Attributeparaphrasesandsummariesofmaterialpreparedbyothers.
2-III.:
StandardsofProfessionalConduct:
III.RelationshipsandResponsibilitiestotheEmployer
A.:
InformyourEmployeroftheCodeandStandards
III(A.1)
Membersshallinformtheiremployerinwriting,throughtheirdirectsupervisor,thattheyareobligatedtocomplywiththeCodeandStandardsandaresubjecttodisciplinarysanctionsforviolationsthereof.
III(A.2)
MembersshalldeliveracopyoftheCodeandStandardstotheiremployeriftheemployerdoesnothaveacopy.
Compliance:
MembersshouldnotifytheirsupervisorinwritingoftheCodeandStandardsandthemember’sresponsibilitytofollowthem.ThemembershouldalsosuggestthattheemployersadopttheCodeandStandardsanddisseminateitthroughoutthefirm.Iftheemployerhaspubliclyacknowledged,inwriting,thattheyhaveadoptedAIMR’sCodeandStandardsaspartofthefirm’spoliciesthenthememberneednotgivetheformalwrittennotificationasrequiredbyIII(A).
B.:
DutytoEmployer
Standard:
Membersshallnotundertakeanyindependentpracticethatcouldresultincompensationorotherbenefitincompetitionwiththeiremployerunlesstheyobtainwrittenconsentfromboththeiremployerandthepersonsorentitiesforwhomtheyundertakeindependentpractice.
Compliance:
1.Memberswhoplantoengageinindependentpracticeforcompensationshouldprovidewrittenstatementstotheiremployerdescribingthetypesofservicestheywillperform,theexpecteddurationoftheservices,andthecompensationtheywillreceive.
2.Membersshouldalsodisclosetotheirprospectiveclientstheidentityoftheiremployer,thefactthattheyareperformingindependentlyoftheemployer,andwhattheiremployerwouldchargeforsimilarservices.
3.Membersseekingnewemploymentshouldnotcontactexistingclientsorpotentialclientspriortoleavingtheiremployerortakerecords/filestotheirnewemployerwithoutthewrittenpermissionofthepreviousemployer.
C.:
DiscloseConflictsbetweenyouandyourEmployer
III(C.1):
Membersshalldisclosetotheiremployerallmatters,includingbeneficialownershipofsecuritiesorotherinvestments,thatreasonablycouldbeexpectedtointerferewiththeirdutytotheiremployerorabilitytomakeunbiasedandobjectiverecommendations.
III(C.2):
Membersshallcomplywithanyprohibitionsonactivitiesimposedbytheiremployerifaconflictofinterestexists.
Compliance:
Membersshouldreporttotheiremployersanybeneficialinterestandanyspecialrelationships,likecorporatedirectorships,thatmayreasonablybeconsideredaconflictofinterestwiththeirresponsibilities.Membersshouldalsodiscussthesituationwiththeirfirm’scomplianceofficerbeforetakinganyactionthatcouldleadtoaconflictofinterest.
D.:
DiscloseAdditionalCompensationfromOutsidetheFirmtoyourEmployer
Standard:
Membersshalldisclosetotheiremployerinwritingallmonetarycompensationorotherbenefitsthattheyreceivefortheirservicesthatareinadditiontocompensationorbenefitsconferredbyamember’semployer.
Compliance:
Membersshouldmakeanimmediatewrittenreporttotheiremployerspecifyinganycompensationorbenefitstheyreceiveorproposetoreceiveforservicesinadditiontowhattheiremployeristogivethem.Thiswrittenreportshouldstatethetermsofanyoralorwrittenagreement,theamountofcompensation,andthedurationoftheagreement.
E.:
ResponsibilitiesofSupervisors
Standard:
Memberswithsupervisoryresponsibilities,authority,ortheabilitytoinfluencetheconductofothersshallexercisereasonablesupervisionoverthosesubjecttotheirsupervisionorauthoritytopreventanyviolationofapplicablestatutes,regulation,orprovisionsoftheCodeandStandards.Insodoing,membersareentitledtorelyonreasonableproceduresdesignedtodetectandpreventsuchviolations.
Compliance:
Thesupervisorandthecomplianceofficershould:
1.Disseminatethecomplianceprocedures.
2.Updatetheproceduresasnecessary.
3.Educatethestaffandissueperiodicreminders.
4.Incorporateaprofessionalconductevaluationintotheemployee’sperformancereview.
5.Reviewemployeeactionstoensurecomplianceandidentifyviolators,initiatingproceduresonceaviolationhasoccurred.Asupervisorshouldrespondpromptlytotheviolationbyconductingathoroughinvestigation,andplacinglimitationsonthewrongdoeruntiltheinvestigationiscomplete.
2-IV.:
StandardsofProfessionalConduct:
IV.RelationshipswithandResponsibilitiestoClientsandProspects
A.:
TheInvestmentProcess
IV(A.1)ReasonableBasisandRepresentations.Membersshall:
a.Exercisediligenceandthoroughnessinmakinginvestmentrecommendationsorintakinginvestmentactions.
b.Haveareasonableandadequatebasis,supportedbyappropriateresearchandi