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CFA Level I · CFA Level I Exam · Guidance for Standard VII: Responsibilities as a CFA Institute Member or CFA Candidate

A CFA charterholder volunteers on a committee that grades exam answers. At a dinner, the volunteer tells a friend who is a candidate how a particular question was scored. The volunteer's conduct most likely:

The volunteer violates Standard VII(A). Information related to the scoring of questions is confidential and must not be shared with unauthorized personnel. A friend's promise of secrecy does not authorize disclosure, and the exam stays confidential until CFA Institute publicly releases it.

  1. Ais acceptable if the friend promises to keep the information private
  2. Bviolates Standard VII(A), because information related to the scoring of questions must not be shared with unauthorized personnelCorrect
  3. Cis acceptable once the exam has been administered

Explanation

Members involved in developing, administering, or grading exams must not share information related to the scoring of questions. A promise of secrecy does not make the friend authorized. All aspects of an exam stay confidential until CFA Institute elects to release them publicly.

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