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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1 Result
  • Archived

    Effective: 1 May, 2010 - 31 December, 2019
    Categories: Verification
    Source: GIPS Executive Committee

    The 2010 edition of the GIPS standards requires a firm to disclose its verification status in the claim of compliance. May we disclose the name of our verifier within the claim of compliance? Is there suggested language?

    Yes. While a firm is not required to disclose the name of their verifier, a firm that has been verified may add such a disclosure to the compliant presentation. The disclosure may be included in the claim of compliance.

    Sample Disclosure:
    “Ching & Buddle, LLC claims compliance with the Global Investment Performance Standards (GIPS®) and has prepared and presented this report in compliance with the GIPS standards. Ching & Buddle, LLC has been independently verified for the periods January 1, 2006 through December 31, 2011 by Jozy & Davies LLP. The verification report is available upon request.

    Verification 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. Verification does not ensure the accuracy of any specific composite presentation.”