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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1 Result

Archived

Effective: 1 May, 2010 - 31 December, 2019

Categories: Verification

Source: GIPS Executive Committee

Our firm is verified. The claim of compliance for a verified firm in the 2010 edition of the GIPS standards has two paragraphs. May we separate the two paragraphs and include the second paragraph that describes the scope of verification in our other disclosures and not include it with the first paragraph of the claim of compliance?

No. The claim of compliance for a verified firm is complete only when both paragraphs are shown together, one after the other. A firm may not separate the two required paragraphs from each other. Similarly, firms must not separate the paragraphs of the claim of compliance used for composites of a verified firm that have also had a performance examination.