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.

Search by category, status, date range, and/or keyword.

1 Result
  • Archived

    Effective: 1 June, 2005 - 30 April, 2013
    Categories: Verification
    Source: Investment Performance Council (IPC)

    The GIPS standards and the GIPS Advertising Guidelines recommend that a firm disclose its verification status. Do you have suggested language?

    The GIPS standards recommend that firms undertake verification. A firm that has been verified may add a disclosure to composite presentations or advertisements stating that the firm has been verified. The firm must disclose the periods of verification if the composite presentation includes results for periods that have not been subject to firmwide verification. The firm is not required to disclose the name of the verification firm. If the firm wishes to include the name of the verification firm, the firm should discuss this disclosure with their verifier. Sample disclosure language could be: “ABC Company has been verified for the periods from 1 January 1999 through 31 December 2004 by XYZ Verification Inc. A copy of the verification report is available upon request.”