单选题

Which of the following statements concerning why the Global Investment Performance Standards (GIPS) were created is least likely correct? The GIPS standards were created to:

A、 provide clients certainty in what is presented and allow them to make reasonable comparisons.
B、 establish a standardized, industry wide approach for investment firms to follow.
C、 identify a set of ethical principles for firms to follow in calculating and presenting historical investment results.

【正确答案】 A

【答案解析】

The GIPS standards were created to ensure fair representation and full disclosure of investment performance, not to provide certainty in what is presented.