Chartered Financial Analyst Level 1
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Which of the following statements is most accurate regarding GIPS compliance?
A
Eliminates the necessity for investors to conduct thorough due diligence on the GIPS-compliant firm exclusively.
B
Allows the GIPS-compliant firm to engage in competitive bidding solely against other GIPS-compliant firms.
C
Both eliminates the need for investors to perform in-depth due diligence on the GIPS-compliant firm and permits the firm to compete in bids against other GIPS-compliant firms.