CFA Practice Question

There are 361 practice questions for this study session.

CFA Practice Question

According to the GIPS, which of the following is not a part of the verification process? Testing whether the ______.
A. firm has complied with all the composite construction requirements
B. verification is undertaken by the compliance department in the absence of a third party
C. firm's processes and procedures are designed to calculate results in compliance with GIPS standards
Explanation: Verification tests whether the investment firm has complied with all the composite construction requirements of GIPS on a firm-wide basis, and whether the firm's processes and procedures are designed to calculate and present performance results in compliance with the GIPS standards. Verification must be performed by an independent third party. A firm cannot perform its own verification.

User Contributed Comments 0

You need to log in first to add your comment.