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CFA Level 1 Question of the Week - Ethical and Professional Standards
Which of the following statements is most likely correct regarding Global Investment Performance Standards (GIPS) verification?
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CFA Level 1 Question of the Week - Ethical and Professional Standards 6 votes
A. Verification ensures the accuracy of a composite presentation.
B. In order to claim compliance with the Global Investment Performance Standards, firms must seek verification.
C. Verification tests the soundness of a firm's policies and procedures to calculate performance in accordance with the Global Investment Performance Standards.