答案是描述错了吗？

问题如下：

GTA Institutional Asset Management has been managing equity accounts since 2005. The firm became GIPS-compliant on January 1, 2011 and has prepared GIPS Composite Report using time-weighted returns for the period 2005-2020. Johnson joins the firm in 2021 to do marketing management. Since the firm encountered a stock market crash in 2015, which year's performance was very poor, Johnson's colleagues suggested to show the composite whose performance began in 2016. Does this course of action comply with the GIPS standards?

选项：

解释：

The GIPS standards require that when a firm initially claims compliance with the GIPS standards, it must present at least five years of GIPS-compliant per formance (or for the period since the composite inception date if the composite has been in existence less than five years). After presenting a minimum of five years of GIPS-compliant performance (or for the period since the composite inception date if the composite has been in existence less than five years), the firm must present an additional year of performance each year, building up to a minimum of 10 years of GIPS-compliant performance.

So this course of action is not comply with the GIPS standardst and should show at least 10 years (2011 to 2020) of performance.

GIPS 标准要求，当一家公司最初声称符合 GIPS 标准时，它必须提供至少五年的 GIPS 合规绩效（或者如果composite的存在时间少于五年，则在composite开始日期后的这段时间内）。在展示了至少五年的 GIPS 合规业绩（或自composite成立之日起的期间，如果composite成立不到五年），公司必须每年提供额外一年的业绩，累积到至少 10 年才符合 GIPS 标准的。因此在 2021 年，Johnson必须展示 2011 年到 2020 年的业绩。所以从2016年开始展示业绩的这个行动并不合规。