Appendix M - Guidance Statement on the Use of Supplemental Information
Appendix M
Guidance Statement on the Use of Supplemental Information19
Revised Effective Date: 1 January 2006 Adoption Date: 1 October 2003 Effective Date: 1 January 2004 Retroactive Application: Not Required Public Comment Period: Aug-Nov 2002
GUIDANCE STATEMENT ON THE USE OF SUPPLEMENTAL INFORMATION (REVISED)
Introduction
In preparing performance reports, firms must keep in mind the spirit and objectives of the Standards: fair representation and full disclosure. Meeting the intent of the Standards may necessitate including information in the performance reports beyond the required and recommended provisions of the Standards to adequately cover the firm’s specific situations. Firms that claim compliance with the Standards are encouraged to present all relevant information, beyond that required and recommended in the Standards, to fully explain their performance.
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