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Basic Question 0 of 10
Which of the following is not part of the nine main sections of GIPS?
B. Vision statement
C. Firm definition
A. Composite
B. Vision statement
C. Firm definition
User Contributed Comments 6
| User | Comment |
|---|---|
| Slothrop | Firm definition is part of 0. Fundamentals of Compliance. |
| Khadria | Firm definition is also not the part of the 9 main sections (as listed in the study notes) WHERE IS THE "FIRM DEFINITION" in it? |
| MUTE | Firm Definition is under Fundamentals of Compliance |
| AUAU | Tricky for 'firm definition' in section 1. |
| DonAnd | yea, the firm must be defined as part of being compliant |
| johntan1979 | Don't really like this question. Take note of the word "MAIN" in the question. Firm definition is PART of Section 0. Fundamentals of Compliance, not one of the main sections of GIPS. But it is "more correct" than B. B is obviously wrong. |
I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
Learning Outcome Statements
describe the key concepts of the GIPS Standards for Firms
CFA® 2025 Level I Curriculum, Volume 6, Module 4.