CFA CFA Level 1 Question of the Week – Ethical and Professional Standards

Question of the Week – Ethical and Professional Standards

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  • AdaptPrep
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    Which of the following issues most strongly illustrates one of the needs for the Global Investment Performance Standards?

    • Insider trading
    • Survivorship bias
    • Fraud
    AdaptPrep
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    The Global Investment Performance Standards (GIPS) are a
    consistent baseline that companies can follow to give credibility to their
    performance results. They came about because companies were taking advantage of
    all sorts of potential biases to
    skew performance results in their favor.

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