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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1 Result
  • Archived

    Effective: 1 March, 2006 - 31 October, 2012
    Categories: Valuation
    Source: GIPS Handbook, 2nd Edition

    Our firm reports performance in compliance with the Standards for years ending June 30 for our High-Yield composite; all the other composites are reported at December 31. Will we be required to change to December 31 reporting for all of the firm’s composites?

    No, the firm is not required to change the year-end valuation and reporting date from June 30 to December 31 for the High-Yield composite. Each composite at the firm may have different starting and ending valuation dates; however, the starting and ending valuation dates must correspond to the reporting dates for the composite. Within each composite’s presentation, the annual periods must be consistent. The firm must consistently report data for years ending June 30 for the High-Yield composite. The firm may decide in the future to create a composite presentation for the High-Yield composite based on December 31 years; however, the firm may not mix June 30 and December 31 valuation and reporting dates in the same composite presentation of annual performance.

    Please also see updated Q&A