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this is level two of the cfa program ethical and professional standards and the reading on code of ethics and standards of professional conduct you might be tempted to think that these readings are virtually identical to what you saw back in level one and in fact that may or may not be true but you need to be aware of some of the subtle and testing differences between level one and level two i mean every topic is going to be tested but you need to be aware that this will probably be on a much more granular level you will be required to answer item set questions which will be based on a vignette so remember back in level one you had these standalone questions now youre going to be faced with a handful of paragraphs and then have to answer four or six questions that relate back into those paragraphs inside of the vignette and so the questions are probably going to be a little bit more subtle therell be a little bit more application oriented in fact if you take a look at the topic level
