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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 who volunteered to help grade a CFA Institute exam tells a friend who is a candidate how many points a particular question was worth. The charterholder's action most likely:

The action violates Standard VII(A). Information related to the scoring of questions is confidential material gained through volunteering, and members must not disclose it to unauthorized personnel. The friend being a candidate, or the wording being withheld, does not make the disclosure acceptable.

  1. Ais acceptable because the friend is a CFA candidate
  2. Bviolates Standard VII(A) because information related to the scoring of questions is confidentialCorrect
  3. Cis acceptable because the charterholder did not reveal the question's wording

Explanation

Members who develop, administer, or grade exams must not share questions, deliberation related to an exam process, or information related to the scoring of questions. Disclosing to unauthorized people, including a candidate friend, is prohibited, and not revealing the wording does not cure it.

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