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Which of the following statements concerning the interpretation and application of the CFA Institute Code of Ethics and Standards of Professional Conduct is least accurate? A. The Code of Ethics is a concise set of general principles that can be used to address questions as they arise, but as a practical matter, ethical decision making is needed to apply the Code to complicated situations. B. Ethical reasoning is mathematically precise and the technical terms found in the Code of Standards and Standards of Professional Conduct are clear-cut and unambiguous. C. Once the relevant sections of the Code of Ethics and Standards of Professional Conduct have been identified, the investment professional must determine if the course of action is consistent with the intent, whether the client would agree the action is the best alternative, and whether the firm’s reputation would be enhanced or compromised. |