Explanation:
The correct answer is A. According to the GIPS standards, a firm is required to include terminated composites on its list of composite descriptions for at least five years after the composite termination date. This ensures compliance with the standards and maintains transparency. Options B and C are incorrect because the retention period specified by GIPS is five years, not seven or ten.
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According to the GIPS standards, how long must a firm retain a terminated composite on its list of composite descriptions?
A
For a minimum of 5 years following the composite termination date.
B
For a minimum of 7 years following the composite termination date.
C
For a minimum of 10 years following the composite termination date.
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