"morality" exercise:Investment performance and GIPS standard

下載正保會計網(wǎng)校APP 訂閱最新報考消息

來源: 正保會計網(wǎng)校編輯：zhangxiaoqing 2021/03/29 09:34:19　字體：大小

選課中心

多樣班次滿足需求

選課中心

資料專區(qū)

干貨資料助力備考

資料專區(qū)

報考指南

報考條件一鍵了解

報考指南

學(xué)習(xí)是一個不斷積累的過程，每天學(xué)習(xí)一點，每天進步一點！為了幫助大家更高效地備考2021年CFA考試，正保會計網(wǎng)校每日為大家上新CFA習(xí)題供大家練習(xí)。讓網(wǎng)校與您一起高效備考2021年CFA考試，夢想成真！

Questions 1:

Which of the following is least likely a requirement of the GIPS standards? Firms are required to:

A 、have their performance records verified by an independent third party.

B 、include all discretionary, fee-paying portfolios in at least one composite.

C、 present a minimum of five years of annual investment performance compliant withGIPS standards.

Questions 2:

In cases where applicable local laws governing calculation and presentation of investment performance conflict with the GIPS standards, firms are:

A 、unable to claim GIPS compliance in cases where local regulations prohibit accurate calculation.

B 、required to calculate and maintain two sets of performance data in order to claim GIPS compliance.

C、 required to comply with local regulations and make full disclose of the conflict to claim GIPS compliance.

View answer resolution

【Answer to question 1】A

【analysis】

A is correct because it is a recommendation but not a requirement that firms obtain independent third-party verification to claim GIPS compliance. Firms are required to include all discretionary, fee-paying portfolios in at least one composite. They must also present a minimum of five years of annual investment performance compliant with GIPS standards.

B is incorrect because it is a requirement.

C is incorrect because it is a requirement.

【Answer to question 2】C

【analysis】

C is correct because in cases where applicable local laws governing calculation and presentation of investment performance conflict with the GIPS standards, firms are required to comply with local regulations and make full disclose of the conflict in the compliant presentation.

A is incorrect because is a not a requirement for or obstacle to GIPS compliance in cases where local laws conflict with GIPS standards.

B is incorrect because is a not a requirement for or obstacle to GIPS compliance in cases where local laws conflict with GIPS standards.

成功=時間+方法，自制力是這個等式的保障。世上無天才，高手都是來自刻苦的練習(xí)。而人們經(jīng)常只看到“牛人”閃耀的成績，其成績背后無比寂寞的勤奮。小編相信，每天都在勤奮練習(xí)，即使是一點點的進步，大家一定可以成為人人稱贊的“牛人”。

點擊了解更多CFA考試資訊>>

點擊了解CFA無憂直達班>>