GIPS quiz

One of the GIPS required disclosures is: ‘Prior to Jan 1, 2011, describe material differences and starting Jan 1, 2011, describe known inconsistencies in the exchange rates or valuation sources used among the portfolios within a composite and between the composite and the benchmark.’ Critique the above.

Otherway around 1 jan onwards -material differences Proir 1 jan -inconsistencies