Question

If a firm restructures and wants to remain compliant with the GIPS standards, it should most likely:

a) Ignore the GIPS standards
b) Stop providing performance data to clients
c) Follow the GIPS standards for restructured firms
d) Discontinue using the GIPS standards

Answer 1

If a firm restructures and wants to remain compliant with the GIPS standards, it should most likely follow the GIPS standards for restructured firms.

Step-by-step explanation:

If a firm restructures and wants to remain compliant with the GIPS standards, it should most likely follow the GIPS standards for restructured firms. The GIPS (Global Investment Performance Standards) are a set of ethical standards that guide investment firms in providing fair and consistent performance information to clients. By following the GIPS standards, the firm can ensure that it meets the necessary criteria for reporting accurate and reliable performance data.