GIPS: Third-party Verifiers

CFA Level I Ethics
#1

  1. Can more than one third-party-verifier verify the GIPS compliance of a firm or is only one verifier permissible for the entire firm?

  2. If a GIPS-compliant firm owns <50% of a non-GIPS-compliant firm, does the non-GIPS-compliant firm’s financial statements have to be transformed into compliant data for the GIPS-compliant firm to claim compliance? (Assume this event is any time after 1 January, 2000)