60. Is Walter’s response to McGourn’s inquiry regarding WCM’s valuation hierarchy most likely
correct?
A. Yes.
B. No, item 4 from the valuation hierarchy should be excluded.
C. No, the valuation hierarchy should be reordered as item 2, item 1, item 3, and item 4.
Answer = A
“Global Investment Performance Standards,” Philip Lawton
2013 Modular Level III, Vol. 6, Reading 43, Section 4
Study Session 18–43–r
Explain the requirements and recommended valuation hierarchy of the GIPS Valuation
Principles.
A is correct. The valuation hierarchy presented by Walter is GIPS compliant.
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