As a retaker, this time I decided to rely more on the CFAI text and I have to say that reading CFAI text for GIPS (which was painful) was well worth it. I have already read Sch text on GIPS more than once. Granted, Sch has done a great job at summarizing the GIPS, there were several times while I was reading the text that a light bulb went off “Ohh, that’s what this meant”. So if you have the time, go through the CFAI text for GIPS. IMHO.
GIPS is god awful, but I feel that if you can get your head around it, it’s an easy source of points. You feel like someone has hit your brain with a brick though…