Q4. Which of the following is NOT an important characteristic of how a firm defines itself? The firm definition establishes the: A) boundaries for what is included when measuring the total firm's assets. B) entity to which local securities laws apply when they exceed the GIPS requirements. C) set of portfolios that must be included in at least one of a firm's composites.
Q5. Assume that on January 1, 2005, a firm with no Global Investment Performance Standards (GIPS) compliant history since its inception four years ago wishes to claim compliance with GIPS. Which of the following accurately reflects the appropriate action for the firm to take? A) Comply with GIPS for the year beginning January 1, 2002, and report its performance prior to this date with a disclosure of why the earlier years are not GIPS compliant. B) Nothing, a firm must have five years of compliant performance history to claim compliance with GIPS. C) Comply with GIPS for all four periods since the firm's inception.
Q6. Which of the following was NOT a motivation for creating the Global Investment Performance Standards (GIPS)? A) Achieve greater uniformity and comparability among presentations of performance. B) Increase the role of government agencies in the investment industry. C) Improve the service offered to investment management clients.
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发表于 2009-1-6 10:50
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