For the past year much of the focus regarding the GIPS(R) standards has been on “GIPS 2010,” the next edition of the Global Investment Performance Standards, to be published in early 2010 (thus the “2010” in the name) and to go into effect in January 2011. But, we must not lose site of what is about to occur this coming January, most of which is part of “Gold GIPS,” published in 2005 (i.e., the current version of GIPS).
We’ve touch on these items in this Blog as well as our firm’s monthly newsletter. Of late we’ve received various inquiries regarding some of the specifics and so decided to host a webinar dedicated to this topic. And while you’ll notice the webinar details elsewhere on the Blog, I thought it fitting to spend a moment to explain what we’ll cover.
John Simpson and I will go over all the changes. We will spend additional time on the carve-out change, which will prohibit the use of cash allocation going forward, and the new Error Correction Guidance, which requires firms to have a policy dealing with this topic. Time will be available for questions.
This program will be on Friday, November 20, from 12:00 (noon) to 2:00 PM, EST. As with all of our webinars, it will be free to our verification clients and members of the Performance Measurement Forum. For others, a nominal fee will be charged. This is not only an educational event, it’s a way to ensure you’re prepared for this next round of changes.
To learn more or to sign up, please contact Patrick Fowler (732-873-5700; PFowler@tsgperformance.com).