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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Archived

Effective: 1 October, 2007 - 30 November, 2013

Categories: Wrap Fee Portfolios

Source: GIPS Executive Committee

As of 1/1/2006, if we redefine our firm to include both wrap assets and non-wrap assets, should we also restate what we reported for our total firm assets for periods prior to 1/1/2006?

The firm may decide whether to restate firm assets prior to 1/1/2006. If the firm assets are restated for prior periods, the firm should disclose what was done.

Please also see updated Q&A