SHOW / EPISODE

Standard V: Analysis, Recommendations, and Actions

59m | Sep 29, 2026

Standard V of the CFA Institute Code of Ethics and Standards of Professional Conduct, Investment Analysis, Recommendations, and Actions, is about the work behind a recommendation, not the outcome. In a two host format, one host explains the material while the other plays a fictional exam candidate, and together they reason out loud through the three pieces the exam tests: do the work, tell the truth, and keep the proof. That means a reasonable and adequate basis before you recommend or act (V-A), communicating honestly and separating fact from opinion (V-B), and keeping the records that show your work (V-C). Using fully fictional scenarios, they work the traps the exam is built around, so you learn to reason through a vignette instead of guessing at it.

Part of a ten-part Ethics season walking through the Standards of Professional Conduct one at a time.

Free practice exam, 90 questions: tottenprep.com

Totten Prep is independent educational content for exam preparation only. It is not investment advice, and nothing in it guarantees any exam result or score. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute. Totten Prep is not affiliated with, endorsed by, or sponsored by CFA Institute, and CFA Institute does not endorse, promote, or warrant the accuracy or quality of Totten Prep products or services.

Paused
Audio Player Image
Totten Prep: A CFA® Level I Exam-Prep Podcast
Loading...