Twenty-three standards, and one question that keeps coming back: when your own interest collides with the interest of someone who trusted you, what do you do?
Comprehensive quiz: 23 scenario questions ←The height of each column is the number of standards it holds. Click a column to see its standards.
Scenarios, not recall. Every question is a situation you could meet at work, and you have to decide: the same thing the job asks of you.
About the certificate: The certificate at the end of the quiz is an informal educational keepsake. It is not a professional qualification, it certifies no competence for any job, and it carries no legal or citable standing.
Source. These pages follow the CFA Institute Code of Ethics and Standards of Professional Conduct, 2023 revision, which added one new standard, I(E), and revised two others, V(B) and VI(A). The seven sections and twenty-three standards, and the title and number of each standard, come from that source.
What is here and what is not. On each standard page, the section “What it says” quotes the official text of the Code and Standards verbatim, © CFA Institute. Everything around it, every explanation, exercise and scenario, is written by ARESS. The Institute’s guidance and its own examples are not reproduced here. For the official text, and the guidance that goes with it, see cfainstitute.org; the Institute publishes the Code and Standards freely.
Affiliation. ARESS Financial Data Processing is not affiliated with CFA Institute, and the Institute has neither endorsed nor reviewed this content. These pages do not replace the official text and are not designed as preparation for the CFA exams. CFA® and Chartered Financial Analyst® are registered trademarks of CFA Institute and are used here only to name the source.