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.
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ArchivedEffective: 1 May, 2013 - 31 December, 2019Categories: VerificationSource: GIPS Executive Committee
Although in the past we have claimed compliance with the GIPS standards and were verified, we no longer present our performance history in compliance with the GIPS standards and have removed the claim of compliance from our marketing materials. However, because we had been compliant, can we continue to claim compliance with the GIPS standards in RFP’s?
No. A firm can only claim compliance with the GIPS standards if it is currently in compliance with the GIPS standards. If the firm is no longer in compliance with the GIPS standards it can no longer claim compliance with the GIPS standards, and is prohibited from making any statements to that effect. This prohibition includes oral representations, responses to RFP’s, responses to consultant questionnaires, advertisements, composite presentations and other marketing materials. A firm must not refer to a prior claim of compliance if it is not currently in compliance with the GIPS standards.