GIPS Question

CFA Level I
#1

In the Schweser notes on page 83, it states the following as RECOMMENDATIONS:

Verified firms should include the following disclosure language: “[Insert name of firm] has been verified for the periods [insert dates] by [name of verifier]. A copy of the veriification report is available upon request.”

I thought that this language was REQUIRED when there is a 3rd party verifier, as opposed to recommended. As in I know that 3rd party verification is not required, but I thought that when there is a 3rd party verifier, the language is a set template just like when the firm claims compliance.

#2

I’ve never seen anything in the standards about naming the verification firm in the compliance statement.

#3

verification prcoess is recommended.

once decide to being verified, whole firm is required to be verified.

#4

the following statement is excluded from 2012 curriculum… so forget about it

Verified firms should include the following disclosure language: “[Insert name of firm] has been verified for the periods [insert dates] by [name of verifier]. A copy of the veriification report is available upon request.”