答案和详解如下： Q1. When verifying a firm’s compliance with Global Performance Investment Standards (GIPS), the verifier must: A) attest that the firm’s processes and procedures are established to present performance in accordance with GIPS requirements. B) disclose whether the verification was performed by the firm’s internal auditors or a third party. C) clearly identify the composites for which verification has been performed. Correct answer is A) The verifier must attest that the firm has complied with all GIPS requirements for composite construction on a firm-wide basis and that the firm’s processes and procedures are established to present performance in accordance with the calculation methodology, data, and format requirements of GIPS. Verification is not a GIPS requirement. If performed, verification applies to the firm as a whole, not to individual composites, and must be performed by an independent third party, not the firm itself. Q2. Which of the following statements most accurately describes verification under the Global Investment Performance Standards (GIPS)? GIPS verification: A) is required for a firm to claim GIPS compliance. B) requires a verification report to be issued for the entire firm. C) requires verification of individual composites. Correct answer is B) A single verification report is issued with respect to the entire firm; GIPS verification cannot be carried out for a single composite. Q3. The Investment Performance Council (IPC) is composed of 36 members from 15 countries and serves as the global committee responsible for the Global Investment Performance Standards (GIPS). The principal goal of the IPC is to have: A) all countries with developed financial markets adopt the GIPS standards as the standard for investment firms presenting historical performance and become members of the IPC. B) all countries worldwide adopt the GIPS standards as the standard for investment firms presenting historical performance. C) all firms in the IPC-represented countries adopt the GIPS standards as the standard for investment firms presenting historical performance. Correct answer is B) The IPC envisions the GIPS compliance as a “passport” that allows firms to enter the investment arena, which will level the playing field on a global basis. | 
发表于 2009-1-6 10:42
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