Which of the following is/are true about the Performance Presentation Standards?
I. A member who complies with the mandatory requirements of the PPS but does notfollow the
recommended requirements can publicly claim compliance with the PPS.
II. The PPS are designed to be primarily a performance measurement framework.
III. The Standards are not designed to enhance or detract from the presentation ofhistorical results.
Question No 5
If a firm uses non - discretionary leverage, it must present performance using: