CFA Practice Question

CFA Practice Question

A firm has been in existence for 7 years. For the firm to claim GIPS compliance, the minimum number of years for which performance has to be presented is:
A. 5
B. 2
C. 7
Explanation: Note, if the firm had been in existence for less than 5 years, then it has to have data presented since inception.

User Contributed Comments 3

User Comment
Mikehuynh Claim GIPS compliance: minimum is 5 years or since inception.

No partial claim => comply to all the requirements of GIPS

Third party verification is recommendation not requirement
lynche2012 when do you need to continue the window to a full 10 years.......?
GBolt93 You initially need 5 years when first starting GIPS compliance, then every year from then on must be included until you reach 10 years. I.e. 5 years at t=0, 6 years at t=1, etc until you reach 10 at t=5
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