Ethics and Professional Standards - LOS Mapping

Learning Outcome Statements (LOS) - Ethics

Module 1: Ethics and Trust in the Investment Profession

LOS	Description	Module
1.a	Explain ethics	M01
1.b	Describe the role of a code of ethics in defining a profession	M01
1.c	Identify challenges to ethical behavior	M01
1.d	Describe the need for high ethical standards in investment management	M01
1.e	Distinguish between ethical and legal standards	M01
1.f	Describe a framework for ethical decision making	M01
1.g	Describe professionalism in the investment industry	M01
1.h	Describe how trust is established in the investment industry	M01

Module 2: Code of Ethics and Standards of Professional Conduct

LOS	Description	Module
2.a	Describe the structure of the CFA Institute Professional Conduct Program	M02
2.b	State the six components of the Code of Ethics	M02
2.c	State the seven Standards of Professional Conduct	M02

Module 3: Guidance for Standards I to VII

LOS	Description	Module
3.a	Demonstrate the application of the Code of Ethics and Standards of Professional Conduct	M03
3.b	Distinguish between conduct that conforms to the Code and Standards and conduct that violates them	M03
3.c	Recommend practices and procedures designed to prevent violations	M03

Module 4: Introduction to GIPS

LOS	Description	Module
4.a	Explain why the GIPS standards were created	M04
4.b	Describe the key concepts of the GIPS standards	M04
4.c	Explain the fundamentals of compliance with the GIPS standards	M04
4.d	Describe the scope of the GIPS standards	M04
4.e	Explain how the GIPS standards are implemented	M04

Module 5: Ethics Application

LOS	Description	Module
5.a	Evaluate practices, policies, and conduct relative to the CFA Institute Code of Ethics and Standards of Professional Conduct	M05
5.b	Explain how the ethical responsibilities required by the Code and Standards are met or violated	M05