Sop 12-1 Reporting Pursuant to the Global Investment Performance Standards
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Sop 12-1 Reporting Pursuant to the Global Investment Performance Standards

Sop 12-1 Reporting Pursuant to the Global Investment Performance Standards


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About the Book

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's compliance with the Global Investment Performance Standards (GIPS(R) 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'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 firms' 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.


About the Author:

Founded in 1887, the American Institute of Certified Public Accountants (AICPA) represents the CPA and accounting profession nationally and globally regarding rule-making and standard-setting, and serves as an advocate before legislative bodies, public interest groups and other professional organizations. The AICPA develops standards for audits of private companies and other services by CPAs; provides educational guidance materials to its members; develops and grades the Uniform CPA Examination; and monitors and enforces compliance with the accounting profession's technical and ethical standards.

The AICPA's founding established accountancy as a profession distinguished by rigorous educational requirements, high professional standards, a strict code of professional ethics, a licensing status and a commitment to serving the public interest.


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Product Details
  • ISBN-13: 9781937351397
  • Publisher: Wiley
  • Publisher Imprint: Wiley
  • Height: 229 mm
  • No of Pages: 48
  • Series Title: English
  • Weight: 127 gr
  • ISBN-10: 1937351394
  • Publisher Date: 15 May 2017
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Spine Width: 3 mm
  • Width: 152 mm


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