The company XXX has decided that the firm should be in compliance w/ the GIPS beginning in Jan 2002.  The firm has managed a large equity portfolio since 1990 and subsequently added a fixed income portfolio at the end of 1996.  Which is assure fully compliance?

A. XXX can retroactively comply with the GIPS only back to 1990 as long as it is disclosed that the fixed income portfolio was included in the total portfolio calculation beginning Jan 1997.

B. XXX can retroactively comply with the GIPS only back to 1997, beginning with the inception of the fixed income portfolio.

C. XXX can choose not to retroactively comply with the GIPS for the period prior to Jan, 1997, but must present noncompliant performance results for both portfolios since inception.

D. XXX can choose not to retroactively comply with the GIPS for the periods prior to Jan 1997 and present only the 5-year compliant track record.

Answer D.  我老是觉得B好像也可以。 还请教其他错误在哪。十分感谢。