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Which of the following statements is most accurate regarding compliance with the GIPS standards?
A
Compliance with the GIPS standards removes the necessity for investors to conduct thorough due diligence.
B
Compliance with the GIPS standards allows firms to engage in competitive bidding against other GIPS-compliant firms.
C
Compliance with the GIPS standards is legally required for firms operating in jurisdictions lacking investment performance presentation regulations.
