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 March, 2006 - 31 October, 2012
    Categories: Performance History/Track Record
    Source: GIPS Handbook, 2nd Edition

    Firm C has been in existence since 1985 and is currently considering its options for coming into compliance with the GIPS standards. The firm determines its performance history does not satisfy one of the GIPS calculation requirements. For various reasons, the firm cannot restate performance from the last 5 years in order to create a 5-year compliant record as required by the GIPS standards; however, it is able to recreate the performance from the last year and show a one year “GIPS-compliant” return. Can Firm C claim compliance with the GIPS standards?

    No. The GIPS standards require firms to present at least five years of performance (or performance since firm inception if firm is less than five years). In order to claim compliance, Firm C must build a compliant performance record going forward and should be able to claim compliance in four years.

    Please also see updated Q&A