CFA CFA Level 1 CFA Level 1 Question of the Week – Ethical and Professional Standards

CFA Level 1 Question of the Week – Ethical and Professional Standards

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  • Matt_AnalystPrep
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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.
    Matt_AnalystPrep
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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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