ACA Services: GIPS® compliance verification
- Most, if not all, RFP’s sent by consultants and prospects inquire about compliance and verification.
- The SEC is increasingly scrutinising claims of GIPS® compliance and performance presentations. The FSA and other global regualtors continue to examine performance claims.
- Most, if not all, electronic manager databases query GIPS® compliance and verification.
- Verification portrays honesty and the desire to gain the trust of clients and prospects.
- Enhanced internal controls. Insufficient processes and procedures can lead to increased risk in performance reporting.
- Peace of mind. Several managers believe their current performance presentations may not accurately and fairly depict the performance of their strategies.
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