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 March, 2005 - 31 October, 2012
    Categories: Performance History/Track Record
    Source: Investment Performance Council (IPC)

    Firm A has been in existence for ten years and determines that it would like to begin to claim compliance with the GIPS standards this year. Is Firm A required to restate its entire history in compliance with the GIPS standards in order to claim compliance?

    No. Firm A needs only to initially present the most recent five years of its performance history that adhere to the GIPS requirements in order to claim compliance (see Provision 5.A.1.a). In addition to the required performance returns, Firm A could link its history prior to 2000 without restating its pre-2000 performance in compliance with the GIPS standards, provided it discloses why the history prior to 2000 is not compliant.

    Please also see updated Q&A