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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Status

Organization Type

Effective

Keyword

1 Result

Archived

Effective: 1 November, 2004 - 30 April, 2013

Categories: Verification

Source: Investment Performance Council (IPC)

What requirements must a verifier meet in order to be able to perform a GIPS verification?

Any third-party that is knowledgeable about the Standards, investment performance measurement, portfolio accounting, and investment management and is independent from the investment management firm may perform a verification; independent and knowledgeable are the key words. Please see the Guidance Statement on Verifier Independence for more information on the notion of independence. While firms are encouraged to conduct a “self-check” of their compliance, perhaps by their internal audit department, since this fails the test of “independence”, it would not constitute a verification.

Please also see updated Q&A