单选题 At a regional conference for institutional portfolio managers, Chris makes three comments in a presentation centered on explaining for the creation of GIPS. Which of Chris's comments is least likely correct?
  • A. GIPS were created to reduce historical performance inflation caused by excluding results of terminated portfolios.
  • B. GIPS were created to encourage firms to select representative accounts when presenting investment results.
  • C. GIPS were created in response to performance reporting abuses which included only reporting results over periods of exceptional returns.
【正确答案】 B
【答案解析】[解析] 创立GIPS标准的目的是减少投资公司在业绩表述中所包含的含糊不清的表述。具体来讲，投资公司在投资业绩表述中的不当行为包括：(1)编制误导性的财务数据。相关公司基于特定目的，选择最佳的投资组合业绩来代表公司的整体业绩。(2)存续性误导。一些面临破产危机的公司故意隐瞒其不良投资业绩，而只对外公布其符合一般要求的投资业绩。(3)对特定时期的选择。一些公司会选择投资业绩较为理想时期的财务数据对外加以公布，从而使其投资业绩缺乏与其他公司的可比性。