Reading 3: Introduction to the Global Investment Performance Stand

LOS a, (Part 1): Explain why the GIPS standards were created

1、A good way to describe the Global Investment Performance Standards (GIPS) is a:

A)   legal doctrine with criminal penalties.

B)   screening mechanism for determining appropriate international investments.

C)   common yardstick for means of comparison.

D)   means of assessing stock markets in different parts of the world.

The correct answer was C)

Just like the Presentation Performance Standards (PPS), the GIPS serve as a yardstick so the performance of one individual or firm can be properly compared to that of another.

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