问题如下:
Renner, Williams & Woods decides to have its equity and balanced composites verified. Because the firm has only a handful of fixed-income accounts and does not present fixed-income management results in marketing materials shown to prospects, management decides that it would be a waste of time and money to hire a verification firm to verify such a small composite. Is it possible for Renner, Williams & Woods to obtain a firm-wide verification that covers only the equity and balanced composites?
解释:
Under the GIPS standards, a single verification report is issued with respect to the whole firm. Verification cannot be carried out on a composite, and, accordingly, does not provide assurance about the performance of any specific composite. Firms must not state that a particular composite has been "verified" or make any claim to that effect (See IV.A.3). A qualified verification firm would not accept an assignment from Renner, Williams & Woods to conduct verification only with regard to the firm’s equity and balanced account composites while excluding the fixed-income composites from the scope of the verification. (See Section 6 of the reading.)
宣称遵守GIPS可以是公司可以是composite,但是verified必须是公司,对吗?