CFA Practice Question

There are 361 practice questions for this study session.

CFA Practice Question

Firms claiming compliance with the GIPS Standards are least likely to be required to ______.
A. undertake a verification process
B. provide a composite list and description to any prospective client on request
C. document their policies and procedures used in establishing and maintaining compliance

User Contributed Comments 3

User Comment
timkalt Maybe I have a wording issue here, but if they are claiming compliance, isn´t it rather possible that they need to undertake a verification process? However, the other two are stronger arguments.
gradyf @timkalt, the question is asking for *least likely* so yes, they would need to undertake a verification process.
Michaelali Verification is voluntary and not a requirement.
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