🎓CFA Final Prep All Topics

Standard I — Professionalism

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Question

When may company-paid travel for analyst due diligence be acceptable under Standard I(B)?

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Answer

When the destination is remote and commercial travel is impractical.

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Question

What feature of company-paid travel makes it an Independence and Objectivity concern under Standard I(B)?

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Answer

It may compromise or appear to compromise objectivity.

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Question

How should an analyst handle a company-paid research trip to avoid violating Standard I(B)?

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Answer

Have the employer pay whenever practical.

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Question

Why does issuing a recommendation without doing independent research also violate Standard V(A), not just I(B)?

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Answer

There is no adequate diligence or reasonable basis.

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