Dimensions
166 x 227 x 3mm
Supersedes SOP 06-1, Reporting Pursuant to the Global Investment Performance Standards
This Statement of Position (SOP) has been issued to guide practitioners with engagements to examine and report on aspects of an investment firm squo;s compliance with the Global Investment Performance Standards (GIPS® standards). In addition, this SOP provides guidance on engagements to examine and report on the performance results of specific composites in conformity with applicable guidance.
Presentation of an investment firm squo;s past performance can be a powerful tool for attracting new clients. These presentations have been the focus for the past several years due to market forces, competition, and consolidation. To promote fair representation and greater comparability in performance presentations, CFA Institute created the GIPS standards. Many investment firmsdsquo; claim of compliance with these standards has been regarded as providing a competitive advantage.
This SOP updates SOP 06-1, Reporting Pursuant to the Global Investment Performance Standards, for the most recent changes to the GIPS standards.
