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CFA Institute CFA-Level-I Exam - Topic 1 Question 23 Discussion

Actual exam question for CFA Institute's CFA-Level-I exam
Question #: 23
Topic #: 1
[All CFA-Level-I Questions]

Which of the following is/are true about the Performance Presentation Standards?

I . A member who complies with the mandatory requirements of the PPS but does notfollow the recommended requirements can publicly claim compliance with the PPS.

II . The PPS are designed to be primarily a performance measurement framework.

III . The Standards are not designed to enhance or detract from the presentation ofhistorical results.

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Suggested Answer: D
by Lashunda at Oct 28, 2025, 09:28 AM

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Leah
1 month ago
I'm unsure about I. It feels misleading.
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Albert
2 months ago
I lean towards C. All statements seem valid.
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Argelia
2 months ago
I thought the PPS were more about enhancing results, interesting!
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Sherron
2 months ago
III seems spot on, no doubt about that.
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Alaine
2 months ago
Wait, can someone really claim compliance just by following the mandatory parts?
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Bernardine
2 months ago
I disagree, I believe I is misleading.
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Abel
2 months ago
I think II is definitely true.
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Emiko
3 months ago
The PPS are like a Swiss army knife - they do a lot of things! I'll go with C) I, II and III.
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Sharita
3 months ago
Haha, this question is a real head-scratcher! I'm going to guess B) II and III only.
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Arlene
3 months ago
Hmm, I'm not sure about the claim compliance part. I'll go with D) I and III only.
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Cassi
3 months ago
The PPS are definitely not just a performance measurement framework. I'd go with C) I, II and III.
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Willard
3 months ago
I recall a practice question that mentioned the importance of both mandatory and recommended requirements, so I think I might lean towards option D.
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Tess
3 months ago
I’m a bit confused about whether the Standards actually affect how historical results are presented. I thought they were neutral in that regard.
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Lilli
4 months ago
I think it's B. II and III make sense.
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Lavera
4 months ago
I feel like we discussed how the PPS is more about performance measurement, so maybe II is true?
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Cecily
4 months ago
I think the correct answer is B) II and III only.
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Devorah
4 months ago
I agree with A. Only III is true.
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Dan
4 months ago
I think I remember that compliance with the mandatory requirements means you can claim adherence, but I'm not entirely sure about the recommended ones.
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Helene
5 months ago
I'm not totally sure about the second statement. Is the PPS really just a performance measurement framework, or does it have other purposes too? I'll need to double-check that.
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Irma
5 months ago
I feel pretty confident about this one. The PPS are primarily about performance measurement, not enhancing or detracting from historical results. And members can't claim compliance if they don't follow all the mandatory requirements.
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Georgeanna
5 months ago
Okay, I think I've got a handle on this. The key is to focus on the three statements and determine which ones are true about the PPS.
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Domonique
5 months ago
Hmm, I'm a bit confused about the difference between the mandatory and recommended requirements. I'll need to review that part carefully.
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Tresa
5 months ago
This question seems pretty straightforward, but I want to make sure I understand the key points about the Performance Presentation Standards before I answer.
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Kenda
3 days ago
So, is the answer B then? II and III only?
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Cherry
9 days ago
Right, but that doesn't change how historical results are presented.
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Gianna
14 days ago
I believe you can claim compliance even if you skip some recommendations.
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Kiera
19 days ago
Agreed! But what about the compliance claims?
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Boris
24 days ago
I think the PPS are mainly about performance measurement.
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