This process is described in more detail in The CFA Program: Our Fifth Decade, available here. The CBOK is determined through a practice analysis process whereby members and employers provide information on current practice as well as anticipated future trends and the competencies that a new CFA charterholder needs in order to practice in the investment profession. The CBOK is depicted graphically in Exhibit 1. In practice, these competencies are used in a generalist context and are expected to be demonstrated by a recently qualified CFA charterholder. The Candidate Body of Knowledge The CFA Program Candidate Body of Knowledge (CBOK) represents the core knowledge, skills, and abilities (competencies) that are generally accepted and applied by investment professionals throughout the world. Wiese, CFA, Director–Candidate Products, CFA Institute Robinson, PhD, CFA, CFP, Managing Director–Education, CFA Institute Christopher B. The CFA Program Candidate Body of KnowledgeTM: The Past Decade, 2000–2010 Thomas R.
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