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CFA Level 1 Question of the Week - Ethical and Professional Standards

Which of the following statements is most accurate regarding the requirements of GIPS compliance?
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CFA Level 1 Question of the Week - Ethical and Professional Standards 4 votes

A. Changes in a firm's organizations must lead to alteration of historical composite performance.
0% 0 votes
B. Firms must comply with all applicable laws/regulations regarding the calculation and presentation of performance.
75% 3 votes
C. The GIPS must be applied on a composite-wide basis.
25% 1 vote

Comments

  • The correct answer is B.

    Changes in a firm's organizations must not lead to alteration of historical composite performance.

    Firms must comply with all applicable laws/regulations regarding the calculation and presentation of performance.

    The GIPS must be applied on firm-wide basis.

    AnalystPrep
    CFA Question Bank, Video Lessons, and Study Notes can be found at https://analystprep.com 
    Register today for 120 free practice questions and 10 hours of video
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