CFA Practice Question

There are 361 practice questions for this study session.

CFA Practice Question

According to the Global Investment Performance Standards (GIPS), when dealing with the integrity of data to be used for performance presentations, which of the following statements is NOT correct?
A. The selection as to which portfolios will be included in the composite can be decided each and every time a presentation needs to be made.
B. The firm is responsible for the integrity of its input data.
C. GIPS rely on the integrity of input data.
Explanation: The selection of which portfolios to include must be predetermined according to pre-established criteria (i.e., on an ex-ante basis). Selection of portfolios cannot be changed and amended each time a performance is presented.

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