Q & A Database
The GIPS Standards Q&A database contains questions and answers (Q&As) on various searchable topics that provide additional interpretation on an issue. Q&As are considered to be authoritative guidance and must be followed in order to claim compliance with the GIPS standards.
Content from prior Q&As was included in the GIPS Standards Handbook as much as possible and many Q&As were archived. Change the Status drop-down filter to "Archived" to see the archived Q&As.
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ArchivedEffective: 30 September, 2015 - 31 December, 2019Categories: Firm Notification Requirement, VerificationSource: GIPS Technical Committee
What testing must a verifier conduct with respect to the requirement that GIPS-compliant firms must notify CFA Institute of their claim of compliance with the GIPS standards?
Verifiers must conduct testing to ensure the firm has notified CFA Institute of their claim of compliance with the GIPS standards. For those firms that have chosen to have their name listed on the GIPS standards website, the verifier can determine that the firm has notified CFA Institute by reviewing the website to determine if the firm is listed. For those firms that have chosen to not have their name listed on the GIPS standards website, the verifier must request the confirmation of the firm’s notification from CFA Institute (i.e., a screenshot of CFA Institute’s confirmation when notification is submitted to CFA Institute by the firm). Verifiers must also review each firm’s policies and procedures for the preparation, review, and submission of the notification.