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.
Search by category, status, date range, and/or keyword.
ArchivedEffective: 1 March, 2006 - 31 December, 2019Categories: Performance History/Track RecordSource: GIPS Handbook, 2nd Edition
Firm B has been in existence since 1 January 1998 and has restated its entire performance history in compliance with the GIPS standards on 1 January 2006. What periods of performance must Firm B present to claim compliance with the Standards?
When first claiming compliance with the GIPS standards, Firm B must show its most recent five-year history in compliance with the GIPS standards since the firm has been in existence more than five years. The firm could also choose to show performance since inception (i.e., an eight-year performance record, 1998 through 2005), or any period in between (i.e., a six-or seven-year performance record). Firm B must continue to build to a ten-year history, at a minimum, going forward.