medium · CFA Level I ethics
An analyst at Kestrel Grid is discovered to have used their firm's expense account to pay for a personal dinner, claiming it was with a prospective client.
Has a violation occurred?
- No, if the analyst offers to reimburse the firm once the error is discovered.
- Yes, but only if the amount of the dinner exceeds a 'de minimis' threshold established by the firm.
- Yes, because the analyst engaged in a deceitful act of fraud against their employer.
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