单项选择题

An investment management firm, Derriot Inc., was recently audited by the United States Securities and Exchange Commission (SEC). Derriot included the following statement in its performance presentation report: "This report has been verified as GIPS compliant by Derriot’s Compliance Department and the United States Securities and Exchange Commission." Does this constitute acceptable verification under GIPS

A. No, only one party may perform GIPS verification.
B. No, neither party involved in the audit constitutes an acceptable GIPS verification.
C. Yes, because an audit was performed implicitly by the SEC and explicitly by the firm’s internal audit team.

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单项选择题Howard is trying to decide which of the following composite definitions, submitted by his junior analysts, would be considered a viable composite according to GIPS. Which composite will meet the Standards

A. A composite that includes all accounts that are managed directly from the firm’s Hong Kong office.
B. A composite that includes all actively managed portfolios but excludes passively managed portfolios.
C. A composite that includes all portfolios that are managed to provide a return approximately equal to that of the S&P Index.

单项选择题Which of the following statements most accurately describes the parties that GIPS are intended to apply to and serve

A. GIPS apply to consultants and serve their existing and prospective clients.
B. GIPS apply to firms that issues securities and serve investment management firms.
C. GIPS apply to investment management firms and serve their existing and prospective clients.