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: 1 May, 2013 - 31 December, 2019Categories: VerificationSource: GIPS Executive Committee
Is verification required in order to claim compliance with the GIPS standards?
No. The GIPS standards recommend that firms be verified.
Verification is a process by which an independent verifier assesses whether 1) the firm has complied with all the composite construction requirements of the GIPS standards on a firm-wide basis, and 2) the firm’s policies and procedures are designed to calculate and present performance in compliance with the GIPS standards.
Please also see original Q&A