单选题 Which of the following statements regarding GIPS is least accurate?

A. A GIPS objective is to promote global "self- regulation".
B. GIPS allows clients to have more confidence in reported performance.
C. To stay GIPS compliant, a firm must abide by GIPS guidelines even when conflicting with local or country -specific regulations.

【正确答案】 C

【答案解析】To stay GIPS compliant, firms are required to comply with local laws even if they conflict with GIPS. However, the discrepancy must be disclosed.