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 implementing a new performance measurement system for a verification client?

Yes, a verification firm may participate in the process of implementing a new performance measurement system for a verification client, but the verification firm must be careful to not undertake management functions. The verifier must not have final responsibility for data conversion and reconciliation functions.