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 have complied with the AIMR-PPS standards since 1990 and have recently transitioned to complying with the revised GIPS standards. We make no reference to complying with the AIMR-PPS standards and only refer to the GIPS standards. Although the AIMR-PPS standards no longer exist, RFPs and others continue to ask whether we comply with the AIMR-PPS standards. How should we respond?CFA Institute and the EC continue to spread the word about the elimination of CVGs and the convergence to one global standard, the GIPS standards. However, some RFPs and other requests for information incorrectly continue to ask about CVG compliance and verification. If a firm previously claimed compliance with a CVG, they may respond that they are CVG compliant and verified (if true), solely for the purpose of responding to requests for information. The firm may not, unprompted, positively assert that they are in compliance with a CVG. The firm must also attempt to explain to the requestor why the questions concerning the CVG are incorrect.