FRM Part I · FRM Exam Part I · GARP Code of Conduct
Which of the following is one of the broad areas covered by the GARP Code of Conduct's principles and standards?
The Code covers areas such as professionalism and integrity, ethical practice, conflicts of interest and confidentiality. It does not deal with technical or commercial decisions like audit fees, pension discount rates or the VaR confidence level, which fall outside its ethical scope.
- AProfessionalism, including integrity and ethical conduct in dealings with othersCorrect
- BSetting audit fees for external audit firms
- CDetermining the discount rate for pension liabilities
- DSelecting the confidence level for regulatory VaR
Explanation
The Code is organized around broad principles such as professionalism and integrity, ethical practice, conflicts of interest and confidentiality. The other options are technical or commercial matters outside its scope.
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