
Answer-first summary for fast verification
Answer: Ensure ongoing compliance even after independent third-party verification.
**Explanation:** - **Option A** is incorrect because while a firm may voluntarily engage an independent third party to verify compliance for increased confidence, it is not a requirement under GIPS standards. - **Option B** is correct because firms claiming compliance with GIPS standards must self-regulate and maintain their compliance, regardless of third-party verification. - **Option C** is incorrect because portfolio inclusion criteria for composites should be determined on an ex-ante basis, not after the reporting period.
Author: LeetQuiz Editorial Team
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