Question

According to the Global Investment Performance Standards (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.

Answer = B

CFA Level I

"Introduction to the Global Investment Performance Standards (GIPS)," CFA Institute, 2011

 

 

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