Chartered Financial Analyst Level 1
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With respect to the GIPS standards, which of the following statements best describes the purpose of verification?
A
Verification is mandatory for firms claiming compliance with the GIPS standards.
B
Verification involves the firm self-regulating and certifying its compliance with the GIPS standards.
C
Verification assesses whether the firm's processes are designed to present performance results in accordance with the GIPS standards.