GIPS Composite verification

T

theCFAway

New member
Joined
Jun 18, 2026
Messages
0
Reaction score
0
Let’s say that a firm as been independently verified, can it then go ahead and verify an individual composite and then state that the individual composite has been verified?
 
you cant verify composite on a single basis.
if you say that composites has been verify for date X to Y, then all composites has been verify.
so no, you cant verify only 1 composite unless it is the only one
 
i thought i read somewhere that the firm can go a step further and have an individual composite independently verified.
 
no I think you are mixing 2 things,
1.you can verify the firm without verifying composite calculation.
2.you can verify both
if you decide to verify both, you cant verify only 1 composite.
 
theCFAway is right that ONLY after the firm wide verification is done you are able to do composite level verirication, but not sure exactly what they verify in composite level…
 
I guess summer just answered my question so its the composite calcuation which is verified in composite level
 
Pricisely..


PERFORMANCE EXAMINATIONS –

In addition to a VERIFICATION, a FIRM may choose to have a specifically focused PERFORMANCE
EXAMINATION of a particular COMPOSITE COMPLIANT PRESENTATION. However, a PERFORMANCE
EXAMINATION REPORT MUST NOT be issued unless a VERIFICATION REPORT has also been issued.
The PERFORMANCE EXAMINATION may be performed concurrently with the VERIFICATION.
A PERFORMANCE EXAMINATION is not REQUIRED for a FIRM to be verified. The FIRM MUST NOT
state that a COMPOSITE has been examined unless the PERFORMANCE EXAMINATION REPORT
has been issued for the specific COMPOSITE. Please see the Guidance Statement on PERFORMANCE
EXAMINATIONS for additional guidance.
 
you can have performance review in addition to firm verification. The compliance statement is different
 
You must log in or register to reply here.
Back
Top