{"id":239,"date":"2019-08-07T22:04:02","date_gmt":"2019-08-07T22:04:02","guid":{"rendered":"https:\/\/analystprep.com\/cfa-level-1-exam\/?p=239"},"modified":"2026-08-01T07:48:28","modified_gmt":"2026-08-01T07:48:28","slug":"learning-sessions-curriculum-ethical-and-professional-standards","status":"publish","type":"post","link":"https:\/\/analystprep.com\/cfa-level-1-exam\/ethical-and-professional-standards\/learning-sessions-curriculum-ethical-and-professional-standards\/","title":{"rendered":"Learning Sessions – Ethical and Professional Standards"},"content":{"rendered":"

Older Curriculums>>><\/a><\/h2>\n

Ethical and Professional Standards (2024)<\/h2>\n

LM 1 – Ethics and Trust in the Investment Profession<\/h3>\n

LOS a: Explain ethics<\/a>
\nLOS b:\u00a0Describe the role of a code of ethics in defining a profession<\/a>
\nLOS c: Describe professions and how they establish trust<\/a>
\nLOS d: Describe the need for high ethical standards in investment management<\/a>
\nLOS e: Explain professionalism in investment management<\/a>
\nLOS f: Identify challenges to ethical behavior<\/a>
\nLOS g: Compare and contrast ethical standards with legal standards<\/a>
\nLOS h: Describe a framework for ethical decision making<\/a><\/p>\n

LM 2 – Code of Ethics and Standards of Professional Conduct<\/h3>\n

LOS a: Describe the structure of the CFA Institute Professional Conduct Program and the process for the enforcement of the Code and Standards<\/a>
\nLOS b: Identify the six components of the Code of Ethics and the seven Standards of Professional Conduct<\/a>
\nLOS c: Explain the ethical responsibilities required by the Code and Standards, including the sub-sections of each Standard<\/a><\/p>\n

LM 3 – Guidance for Standards I-VII<\/h3>\n

LOS a: Demonstrate the application of the Code of Ethics and Standards of Professional Conduct to situations involving issues of professional integrity<\/a>
\nLOS b: Identify conduct that conforms to the Code and Standards and code that violates the Code and Standards<\/a>
\nLOS c:\u00a0Recommend practices and procedures designed to prevent violations of the Code of Ethics and Standards of Professional Conduct<\/a><\/p>\n

LM 4 – Introduction to the Global Investment Performance Standards<\/h3>\n

LOS a: Explain why the GIPS standards were created, who can claim compliance, and who benefits from compliance<\/a>
\nLOS b: Describe the key concepts of the GIPS Standards for firms<\/a>
\nLOS c: Explain the purpose of composites in performance reporting<\/a>
\nLOS d: Describe the fundamentals of compliance, including the recommendations of the GIPS Standards with respect to the definition of the firm and the firm’s definition of discretion<\/a>
\nLOS e: Describe the concept of independent verification<\/a><\/p>\n

LM 5 – Ethics Application<\/h3>\n

LOS a: Evaluate practices, policies, and conduct relative to the CFA Institute Code of Ethics and Standards of Professional Conduct<\/a>
\nLOS b: Explain how the practices, policies, and conduct do or do not violate the CFA Institute Code of Ethics- and Standards of Professional Conduct<\/a><\/p>\n

2026\/2027 Curriculum<\/h2>\n

Learning Module 1: Ethics and Trust in the Investment Profession<\/b><\/h3>\n

LOS a: Explain ethics<\/a><\/p>\n

LOS b: Describe the role of a code of ethics in defining a profession<\/a><\/p>\n

LOS c: Describe professions and how they establish trust<\/a><\/p>\n

LOS d: Describe the need for high ethical standards in investment management<\/a><\/p>\n

LOS e: Explain professionalism in investment management<\/a><\/p>\n

LOS f: Identify challenges to ethical conduct<\/a><\/p>\n

LOS g: Compare and contrast ethical standards with legal standards<\/a><\/p>\n

LOS h: Describe a framework for ethical decision-making<\/a><\/p>\n

Learning Module 2: Code of Ethics and Standards of Professional Conduct<\/b><\/h3>\n

LOS a: Describe the structure of the CFA Institute Professional Conduct Program and the process for the enforcement of the Code and Standards<\/a><\/p>\n

LOS b: Identify the six components of the Code of Ethics and the seven Standards of Professional Conduct <\/a><\/p>\n

LOS c: Explain the ethical responsibilities required of CFA Institute members and candidates in the CFA Program by the Code and Standards<\/a><\/p>\n

Ethics Learning Module 3: Guidance of Standards<\/strong><\/h3>\n

LOS a: Guidance of Standards<\/a><\/p>\n

Learning Module 4: Guidance for Standard II: Integrity of Capital Markets<\/b><\/strong><\/h3>\n

LOS a: Demonstrate the application of the Code of Ethics and Standards of Professional Conduct to situations involving issues of professional integrity<\/a><\/p>\n

LOS b: Recommend practices and procedures designed to prevent violations of the Code of Ethics and Standards of Professional Conduct<\/a><\/p>\n

LOS c: Identify conduct that conforms to the Code and Standards and conduct that violates the Code and Standards<\/a><\/p>\n

Learning Module 5: Guidance for Standard III: Duties to Clients<\/b><\/strong><\/h3>\n

LOS a: Guidance for Standard III: Duties to Clients<\/a><\/p>\n

 <\/p>\n

..<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Older Curriculums>>> Ethical and Professional Standards (2024) LM 1 – Ethics and Trust in the Investment Profession LOS a: Explain ethics LOS b:\u00a0Describe the role of a code of ethics in defining a profession LOS c: Describe professions and how…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-239","post","type-post","status-publish","format-standard","hentry","category-ethical-and-professional-standards","blog-post","no-post-thumbnail","animate"],"acf":[],"yoast_head":"\nEthical & Professional Standards | CFA Level 1 - AnalystPrep<\/title>\n<meta name=\"description\" content=\"Explore key ethical and professional standards for the CFA Level 1 exam, including integrity, professionalism, and ethical decision-making.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/analystprep.com\/cfa-level-1-exam\/ethical-and-professional-standards\/learning-sessions-curriculum-ethical-and-professional-standards\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ethical & Professional Standards | CFA Level 1 - 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