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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Effective

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Archived

Effective: 1 January, 2006 - 31 December, 2019

Categories: Verification

Source: Guidance Statement on Verifier Independence

Can a verification firm participate in the process of selecting a new performance measurement system for a verification client?

Yes, as long as the verification firm’s assistance is limited to making recommendations and suggestions, with the final decision being made solely by the verification client. The verification firm must not receive any monetary or non-monetary compensation from the systems providers for their review or recommendation.