I logged in today and there is a form you can fill out about CFA Exam errors. Has anyone done this? What’s the process like?
u mean u found errors on the exam?
I was 99% sure that there was an error in a swap question towards the end of the 2009 L2 exam. I even found some random Asian guys and we all bitched about it together. Does anyone else remember this? Or were random Asian guys and I mistaken?
I know I saw an error on one question. Divulging it here might cross the CFA guidelines. I think I can safely say the answers were inverse of what they should have been. (X, Y, and Z, instead of 1/X, 1/Y, and 1/Z). I’ll submit the form. Anyone else find that problem? (I can’t remember if it was AM or PM, but it was 50 series test).
ohai: i flat out didnt understand the problem you are talking about. i could not understand how they were explaining the information, so i literally couldnt do the problem. i tried to back into what they were presenting a couple different ways. but i was so confident that i scored well on the rest of the exam and probably passed that i just said F*** it and marked like “B”.
Ohai I could not arrive at the answer for swaps question at the end of 50 series pm. I wasted quite a bit of time on it. I thought I knew the stuff really well.
I think there was an error too in the L2 exam, how exactly would we go about reporting it though, we won’t remember the exact question…
Where was the error? I’ll look it up on my copy.
Definitely an error in the swap at the end.
Definately. I did all sorts of crazy calculations that I knew were wrong and the closest I got was like 7 grand off. Really got me pi$$ed because I locked swaps down in reviewing.
I am so relieved to hear you all saying this. To avoid violating CFA policy, I will just say that there was indeed a question that required quantitative calculations which I could not match an answer to no matter how many times I tried. I generally understood the topic and did not have trouble answering questions of a similar nature in the EOC, and yet for this particular problem, nothing I did seemed to work. After spending about 10-15 minutes, I convinced myself CFA had made an error and moved on.
i was 100% ready to nail that type of question but it was just unintelligible to me. i had done literally 50+ different versions of that problem and practiced it the day before about 5x. and i just could not understand how the hell they were wording the language and how the stupid instrument was structured. it was so poorly worded, as if it to try to be confusing but making no sense whatsoever.
Agree 100% on the same question you are all discussing very difficult to understand, thus difficult to solve for.
I tried all methods to solve it and i couldnt get an answer … good luck
I think there was a key piece of information missing from the problem. I made an assumption on that and then just went forward.
Ever since they popped up a dozen errors on their mock test, I’m now so hesitant on the real test and wondering if this or that is an error. They NEED to work on their QC with the mock test. I also hear they “throw” out certain questions on the real test after they collect scores.
Hmm. Thanks for the responses. It’s glad to hear that I’m not crazy.
Agree on the swaps question…I was pleased when I saw it initially, as I had swaps down…no problem I thought, an easy 3 points in the bag!.. I read and re read, to make sure I thought I understood how they thought I might interpret the question,calculated, read it again and could not get a sensible number to match. To be honest, that is what disappoints me with this process, because in the real world, you would have a responsibility to make sure you understood the data before you processed it, otherwise you would have no basis to believe in your answer.
ok just to clarify…are u guys saying that the whole set of qns was wrong? or only 1/6?
i too thought one of the questions was such that no matter what you did , you could not get answer amongst the 3 choices given. meshed its 1/6 i think. the 1st part was easy, the 2nd part may have been wrong as has been discussed above.