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

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

  • Author
    Posts
    • Avatar of Matt_AnalystPrepMatt_AnalystPrep
      Participant
        • CFA Charterholder
        Up
        4
        ::

        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
        Participant
          • CFA Charterholder
          Up
          2
          ::
          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.
      Viewing 1 reply thread
      • You must be logged in to reply to this topic.