"morality" exercise:the Global Investment Performance Standards

来源: 正保会计网校编辑：小鞠橘桔 2021/03/01 09:52:55　字体：大小

学习是一个不断积累的过程，每天学习一点，每天进步一点！为了帮助大家更高效地备考2021年CFA考试，正保会计网校每日为大家上新CFA习题供大家练习。让网校与您一起高效备考2021年CFA考试，梦想成真！

Questions 1:

Which of the following statements related to why the GIPS standards were created is least likely correct? GIPS standards were created to:

A、 provide clients certainty in what is presented and allow them to make reasonable comparisons.

B、 identify a set of ethical principles for firms to follow in calculating and presenting historical investment results.

C、 establish a standardized, industry wide approach for investment firms to follow.

Questions 2:

Which of the following statements concerning the Global Investment Performance Standards (GIPS) is most likely correct?

A 、Clients or prospective clients benefit from the Standards because the historical track record of compliant firms is accurate and precise.

B 、The Standards eliminate the need for in-depth due diligence by investors.

C、 Compliance with the Standards enhances the credibility of investment management firms.

View answer resolution

【Answer to question 1】A

【analysis】

A is correct. The GIPS standards were created to ensure fair representation and full disclosure of investment performance, not to provide certainty in what is presented.

B is incorrect because this is a correct statement as to why the GIPS standards were created.

C is incorrect because this is a correct statement as to why the GIPS standards were created.

【Answer to question 2】C

【analysis】

C is correct. Compliance with the GIPS standards enhances the credibility of investment management firms.

A is incorrect. The GIPS standards do not ensure that the historical track record of compliant firms is accurate and precise, only that the record is complete and fairly presented.

B is incorrect because the Standards do not eliminate the need for in-depth due diligence by investors.

成功=时间+方法，自制力是这个等式的保障。世上无天才，高手都是来自刻苦的练习。而人们经常只看到“牛人”闪耀的成绩，其成绩背后无比寂寞的勤奋。小编相信，每天都在勤奋练习，即使是一点点的进步，大家一定可以成为人人称赞的“牛人”。

点击了解更多CFA考试资讯>>

点击了解CFA无忧直达班>>

上一篇："morality" exercise:Behavioral prejudice

下一篇："morality" exercise:Standard III(B)–Fai...