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CFA Level I · CFA Level I Exam · Guidance for Standard I: Professionalism

Under Standard I(C) Misrepresentation, which of the following statements about a candidate's professional communications is most accurate?

Standard I(C) applies to every form of communication about professional activities. The guidance states that misrepresentations or knowing omissions are prohibited whether the communication is written, electronic or verbal, so the standard is not restricted to written reports or client-only statements.

  1. AOnly written reports are covered by the standard.
  2. BVerbal, written and electronic communications are all covered.Correct
  3. COnly statements made to clients are covered by the standard.

Explanation

The guidance says a member or candidate must not knowingly omit or misrepresent information in any communication, whether written, electronic or verbal. Limiting the standard to written reports or to client statements is too narrow.

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