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.

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.

A CFA Level 1 Discussion About CFA Level 1 Question Of The Week

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- Matt_AnalystPrep
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  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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