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CFA Level 1 Question of the Week – Ethics (GIPS compliance)

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    • Avatar of Matt_AnalystPrepMatt_AnalystPrep
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        • CFA Charterholder
        10 Feb 2020 at 9:18 pm
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        Which of the following statements is most accurate regarding the requirements of GIPS compliance?

        • A. Changes in a firm’s organizations must lead to alteration of historical
          composite performance.
        • B. Firms must comply with all applicable laws/regulations regarding the
          calculation and presentation of performance.
        • C. The GIPS must be applied on a composite-wide basis.
      • Avatar of Matt_AnalystPrepMatt_AnalystPrep
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          • CFA Charterholder
          16 Feb 2020 at 8:31 am
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          The correct answer is B.

          Changes in a firm’s organizations must not lead to alteration of historical composite performance.

          Firms must comply with all applicable laws/regulations regarding the calculation and presentation of performance.

          The GIPS must be applied on firm-wide basis.
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