Colum

So I redid all of GIPS and of course couldn't find a conclusive solution.

Here is my interpretation though. EOC 26 lists a company that reports gross of fees and asks you show all of the omissions and errors they have. One of the omissions and errors is not that they reported gross of fees and not net of fees.

Sample Company 2 in Actual GIPS Appendix reports gross returns only and is used as a template.

Sample Company 8 uses net only.

Answer is you can do either as we originally suspected.

I firmly believe CFA Sample was not written by CFAi.