) REGARDING THE NOTES TO EXHIBIT 1, THE GIPS STANDARDS WOULD MOST LIKELY IMPLY THAT
6.) Regarding the notes to Exhibit 1, the GIPS standards would most likely imply that:
A.
Notes 1 and 7 are required and Note 2 is recommended.
B.
Notes 3 and 8 are required and Note 6 is recommended.
C.
Notes 1 and 2 are required and Note 7 is recommended.
Answer = A
Note 1 is required. It describes the definition of the firm used to determine the total
firm assets. Note 2 is recommended because the firm is encouraged but not required to
provide a list of the firms contained within the parent company. Note 7 is required
because firms must disclose which dispersion measure is presented.
“Overview of the Global Investment Performance Standards,” Phillip Lawton