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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ArchivedEffective: 1 June, 2005 - 30 April, 2013Categories: Changes to the Standards: 2006 GIPSSource: Investment Performance Council (IPC)
We currently claim compliance with the AIMR-PPS standards. We will claim AIMR-PPS compliance until 31 December 2005, and will then claim compliance with the GIPS standards. We are planning to have our yearly verification done in March 2006. Should the verification report refer to compliance with the AIMR-PPS standards or the GIPS standards?The verification report covering periods up to 31 December 2005 should make reference to the AIMR-PPS standards. Once the firm has claimed compliance with the GIPS standards under the reciprocity allowance for CVGs, the subsequent verification report should make reference to the GIPS standards.