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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1 Result
  • Archived

    Effective: 1 December, 2004 - 30 April, 2013
    Categories: Verification
    Source: Investment Performance Council (IPC)

    Can a verification be performed on a composite or on an individual account or fund within a composite?

    No. A verification report is issued for a firm, not for a composite, fund or account. Only a firm may be verified; however, a detailed Performance Examination can be performed on an individual composite either after or in conjunction with a verification report issued for the entire firm.

    Please also see updated Q&A