by admin | Aug 14, 2009 | GIPS
I’m reminded this week of a void in the GIPS(r) verification guidance regarding what to do when a new verifier finds problems that the old verifier didn’t. I understand that this will be addressed in the future, but right now there’s no...
by admin | Aug 12, 2009 | GIPS, Returns
John Simpson and I are conducting a GIPS(R) verification and I’m reminded of Ronald Reagan’s advice to trust, but verify.On multiple occasions we’ve encountered situations where the returns are incorrect, as produced by the software. Sometimes...
by admin | Aug 10, 2009 | GIPS
On July 27 I offered some comments on “discretion,” from a “GIPS” perspective. This resulted in a few responses, so I thought I’d comment further.Firms have discretion on how they define discretion … within reason, of course. But,...
by admin | Aug 6, 2009 | GIPS
I’ll credit Carl Bacon for mentioning several years ago that compliance with the GIPS(R) standards was no longer an advantage; because SO many firms had achieved compliance, failure to comply was a disadvantage. Thus by becoming compliant a firm would eliminate...
by admin | Aug 5, 2009 | GIPS
The Appraisal Institute announced that they endorse more frequent valuations of real estate properties, as was proposed in the GIPS 2010 draft (see...
by admin | Jul 27, 2009 | GIPS
GIPS(R) compliant firms are required to include all actual (i.e., a REAL account, not a model), fee-paying (i.e., that the account pays fees, though this may change with GIPS 2010 to mandate the inclusion of non-fee paying accounts, too), discretionary accounts into...
