CFA Practice Question

There are 361 practice questions for this study session.

CFA Practice Question

Which is a key characteristic of GIPS?
A. The standards must be applied with the goal of achieving excellence in performance presentation.
B. The standards consist of required provisions for firms to follow to achieve best practice.
C. The standards rely on the integrity of input data.
Explanation: GIPS standards rely on the integrity of input data. The accuracy of input data is critical to the accuracy of performance presentations.

User Contributed Comments 1

User Comment
bretonpa For me, excellence in performance representation was the major objectives (thus characteristic) of the GIPS. Surprised to see the answer as the integrity of input data as the key characteristic
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