CFA Practice Question

There are 361 practice questions for this study session.

CFA Practice Question

Which statement(s) is (are) false?

I. Compliance with the GIPS standards is required by CFA Institute.
II. A firm can claim partial compliance if it does not meet all the requirements of the GIPS standards.
Correct Answer: I and II

Both are false. Compliance with the GIPS standards is voluntary. A firm cannot claim partial compliance.

User Contributed Comments 2

User Comment
AUAU Key words "Voluntary of compliance, NO partial compliance"
gerdvar All in or all out, applies with ethics in general
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