Which statement about independence and objectivity is true for CFA Institute members and candidates?

Which statement about independence and objectivity is true for CFA Institute members and candidates?

• A. It is essential to maintain independence and objectivity in all professional activities.
• B. It is optional if supervised.
• C. It applies only to research and not to investment decisions.
• D. It can be waived by client consent.

Answer: (A)

Independence and objectivity must be maintained in all professional activities. This means decisions and judgments must be free from bias, conflicts of interest, or external pressure, and be based on rigorous analysis and evidence. For CFA Institute members and candidates, this duty applies everywhere—whether you're doing research, making investment recommendations, or advising clients. Supervisors or client consent do not waive this obligation; if a conflict could affect objectivity, it must be disclosed and addressed, or you should recuse yourself. That universal, non-negotiable requirement is why this statement is the true one.

Independence and objectivity must be maintained in all professional activities. This means decisions and judgments must be free from bias, conflicts of interest, or external pressure, and be based on rigorous analysis and evidence. For CFA Institute members and candidates, this duty applies everywhere—whether you're doing research, making investment recommendations, or advising clients. Supervisors or client consent do not waive this obligation; if a conflict could affect objectivity, it must be disclosed and addressed, or you should recuse yourself. That universal, non-negotiable requirement is why this statement is the true one.