CFA Practice Question

There are 361 practice questions for this study session.

CFA Practice Question

Which one of the following statements about GIPS verification is least accurate?
A. Verification is a pre-requisite for conducting a global investment management business.
B. Verification performed by an independent third party brings credibility to a claim of compliance.
C. Verification reviews whether a firm is compliant on a firm-wide basis and whether the construction of all the composites follows GIPS requirements.
Explanation: Verification is not required but is strongly recommended. It is not a requirement for conducting investment business.

User Contributed Comments 2

User Comment
MarcCFA GIPS verification - pre requisite for operating globally
stevenseb Tricky- I misread "least accurate"!
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