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.
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.
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.
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发表于 2009-1-6 10:42
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