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 July, 2007 - 31 December, 2013Categories: RecordkeepingSource: GIPS Executive Committee
How does provision 0.A.6, which requires that firms must document, in writing, their policies and procedures used in establishing and maintaining compliance with all the applicable requirements of the GIPS standards, relate to provision 1.A.1?
The data and information required to be collected and maintained by provision 1.A.1 forms part of the policies and procedures required to be documented by provision 0.A.6. The firm must determine what data and information is necessary to support a firm’s performance presentation and to perform the required calculations. Once this is determined, the firm should document in its policies and procedures how the data and information required to construct the performance presentation will be gathered, how the data and information will be maintained, and the length of time it will be maintained.
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