sgupta0827

revenant Wrote:
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>
> Scenario 1
>
> If a firm has been in business for 3 years, it has
> to use 3 years of data to be GIPS compliant. And
> it has to report every year from the 4th year
> onwards till the 10th year. Once at 11th year, it
> will report from 2nd year to 11th year. Once at
> 12th year, it will report from 3rd year to 12th
> year.
>
> Scenario 2
>
> If a firm has been GIPS compliant for 7 years and
> been around for 10 years, it has to report 10
> years? (7 plus the initial 3)
>
> Are both of the scenario correct?
>
> Thanks.

Anyone?