Ethical and Professional Standards Q164
- A
Historical composite performance may be changed to reflect changes in a firm’s organization.
- B
When the firm jointly markets with other firms, the firm claiming compliance with the GIPS standards must be sure that it is clearly defined and separate relative to other firms being marketed, and that it is clear which firm is claiming compliance.
- C
If the firm does not meet all the requirements of the GIPS standards, the firm must not represent or state that it is “in compliance with the Global Investment Performance Standards except for . . .”.
- Option : A
- Explanation : Even when there is a change in a firm’s organization, the historical composite performance must not be altered.
