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 October, 2012Categories: RecordkeepingSource: GIPS Executive Committee
Are recordkeeping requirements different for compliant and non-compliant performance within the presentation in compliance with the Standards?
In certain circumstances a firm may present non-compliant performance in a compliant presentation. If the non-compliant performance is included appropriately with the compliant performance because the non-compliant performance is from periods prior to the required effective date of 1 January 2000, the firm must have the supporting documentation for the non-compliant performance. If a report contains non-compliant performance, the firm must also disclose how the presentation is not in compliance with the GIPS standards. If a firm does not have records to support the non-compliant performance it wishes to include in the presentation, the firm can either; 1.) remove the non-compliant information from the report, or 2.) report this non-compliant information as supplemental information.
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