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There around 7-8 concepts you should memorize for GIPS, and you will get 4-5 questions correct.

1) Duration for which compliance is needed
2) Verification encouraged, and if done should be through 3rd party
3) Learn the 8 GIPS sections (names only)
4) Definition of what constitutes a composite
5) How compliance to GIPS should be mentioned........'this report has been ........etc"

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