Q & A Database

The GIPS Standards Q&A database contains questions and answers (Q&As) on various searchable topics that provide additional interpretation on an issue. Q&As are considered to be authoritative guidance and must be followed in order to claim compliance with the GIPS standards.

Content from prior Q&As was included in the GIPS Standards Handbook as much as possible and many Q&As were archived. Change the Status drop-down filter to "Archived" to see the archived Q&As.

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Effective

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Archived

Effective: 1 November, 2012 - 31 December, 2019

Categories: Valuation

Source: GIPS Handbook, 3rd Edition

Our firm values portfolios as of the last Friday of the month. Can this methodology be used for all periods?

No. For periods beginning on or after 1 January 2010, firms must value portfolios as of the calendar month-end or the last business day of the month. For periods prior to 1 January 2010, firms may value portfolios as of the last Friday of the month, with appropriate disclosure.

Please also see original Q&A