- CFA Exams
- 2022 Level I
- Study Session 19. Ethical and Professional Standards
- Reading 59. Introduction to the Global Investment Performance Standards (GIPS)
Learning Outcome Statements PDF Download
|1. Why were the GIPS Standards Created?|
a. explain why the GIPS standards were created, what parties the GIPS standards apply to, and who is benefitted by the standards;
|2. The Key Concepts of the GIPS Standards|
b. describe the key concepts of the GIPS standards for firms;
c. explain the purpose of composites in performance reporting;
|4. Fundamentals of Compliance|
d. describe the fundamentals of compliance, including the recommendations of the GIPS Standards with respect to the definition of the firm and the firm's definition of discretion;
e. describe the concept of independent verification.
I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
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