Folks,
Just wanted to confirm is Verification a mandatory requirement as per GIPS?
In standards, I saw at a places it says that verification is encouraged and at a places it says that Firms should be verified.
Folks,
Just wanted to confirm is Verification a mandatory requirement as per GIPS?
In standards, I saw at a places it says that verification is encouraged and at a places it says that Firms should be verified.
recommended.
if decided to be verified, mandatory total-firm-basis
thanks
and what about minimum Asset Level , is it mandatory or recommended?
Recommended, but if MAL is followed then it need to be disclosed and followed in a consistent manner.
thanks folks. I also have confusion regarding market value and fair value. I understand from 1 Jan 2011, composite should show fair value, which could be different from market value. However, in some practice exams, I see answers being correct using market values.
what are your experiences?