Terrison Asset Management Inc. is seeking to become compliant with
GIPS. The firm has hired an independent consultant to assist in ensuring that
Terrison’s policies and procedures conform to the standards. Which of the
following recommendations made by the consultant is least likely required under
GIPS
A. Terrison must disclose the results of an independent verification process
in its composite presentations.
B. All of Terrison’s accounts managed by third party advisers selected by
Terrison must be included in the firm’s composites.
C. Compliant presentations for discontinued composites must be made
available to any prospect requesting one up to five years after
discontinuation.