According to the AIMR-PPS, systems incompatibilities

Systems Incompatibilities

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According to the AIMR-PPS, systems incompatibilities

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A. causes distortion of performance presentation and needs to be disclosed.

B. are one reason for which a firm may not claim compliance for all assets.

C. cannot be used as a reason for not claiming compliance for all assets.

D. render a firm unable to claim compliance with the PPS, thus the firm should ensure compatibility.

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Explanations

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A. B. C. D.

Systems incompatibilities cannot be used as a reason for not claiming compliance for all assets (i.e., a firm cannot make the claim of compliance for only those assets that are measured and monitored on compatible systems).

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