I am inclined to NOT learn the GIPS recommendations because:
- I don’t want to end up trying to remember if something was a requirement or a just a recommendation, and 2) CFAI only gets to ask me so many questions, so are they really going to “waste” one of them asking about something that is only recommended?
On another GIPS topic, my calendar reads “May 2013”, which means that whatever GIPS provisions have not been in effect since 2011, or 2010, or 2006, or 2001 are not particularly relevant. My default approach is: If the text is referring to something that was only enforced during the Bush Administration, I pay less attention.
I’d love to know absolutely everything about everything, but I lack a photographic memory, so there might not be room in my brain fore every single tidbit.