GIPS-man Quiz #4

mcap11 · May 13, 2011, 12:26am

Which of the following must be disclosed (required) under GIPS standards? A) performance results as either gross or net of taxes B) policies for calculating performance are avaialble upon request C) changes in calculation methodology that has a material impact on performance

SkipE99 · May 13, 2011, 12:34am

C

bpdulog · May 13, 2011, 1:02am

C

AMA · May 13, 2011, 1:45am

A

bumblebee811 · May 13, 2011, 1:56am

B?

deriv108 · May 13, 2011, 2:46am

b.

onelasttime · May 13, 2011, 2:48am

B

wake2000 · May 13, 2011, 2:48am

ambiguous question

thepinkman · May 13, 2011, 2:57am

C says I

bell99 · May 13, 2011, 2:59am

Can someone please post the official RIGHT answer???

mcap11 · May 13, 2011, 3:40am

answer is B A is clearly wrong (do not have to state if gross or net of taxes) and C is only recommended

SkipE99 · May 13, 2011, 1:46pm

Are these Schweser/Allen questions? These sound vaguely like a third party resource

deriv108 · May 13, 2011, 2:53pm

Two disclosures that are available on request: 4.A.11 FIRMS MUST disclose that the FIRM’S list of COMPOSITE DESCRIPTIONS is available upon request. 4.A.12 FIRMS MUST disclose that policies for valuing PORTFOLIOS, calculating performance, and preparing COMPLIANT PRESENTATIONS are available upon request. === My shortfall risk on this Q is 66.67%.