Compliance with the GIPS® standards is a firmwide process, and our verification of a firm’s claim of GIPS compliance is a rigorous process. Like a bucket list hike on the Pacific Coast Trail, we cover a lot of ground. The professionals at Cascade Compliance have experience conducting hundreds of initial and ongoing verifications, and we will tailor our work to be relevant for your firm’s size and complexity.
What does being verified mean for the GIPS compliant firm? It’s similar to a peer review, with you turning over your firm’s policies and procedures and required performance disclosures, to a knowledgeable professional. Your independent third party verifier can let you know whether you need to make any corrections and suggest optional best practices or ideas for increased efficiencies.
Effective verifications can be conducted annually, semi-annually or quarterly, and we’ll build the verification frequency to your specifications. This gives you, and your prospective investors, the assurance you need that you really are in compliance. For larger firms with dozens of composites and internal audit teams, annually can make the most sense. For smaller firms, a semi-annual check-in to provide accountability that important documentation has been maintained is often very useful.