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.

The GIPS Standards Helpdesk is available for individual questions and typically responds to inquiries within 3 business days.

Search by category, status, date range, and/or keyword.

1 Result
  • Archived

    Effective: 1 January, 2014 - 31 December, 2019
    Categories: Recordkeeping
    Source: GIPS Executive Committee

    The GIPS standards require that firms must document their policies and procedures used in establishing and maintaining compliance with the GIPS standards, including the existence and ownership of client assets, and must apply them consistently. How does this requirement relate to the requirements that all data and information necessary to support all items included in a compliant presentation must be captured and maintained?

    Firms must have policies and procedures for capturing and maintaining all data and information necessary to support all items included in its compliant presentations. Although most firms are looking for a very precise list of the minimum supporting documents that must be maintained to support all parts of the compliant presentation, including the ability to recalculate the firm’s performance history, there is not a single list of records that will suffice in all situations. Each firm must determine for itself which records must be maintained. The firm’s procedures should outline who is responsible for maintaining required records and data, as well as how and where such information is stored and for how long. Above all else, a firm must comply with all applicable laws and regulation regarding calculation and presentation of performance, including any recordkeeping requirements.

    Please also see original Q&A