单选题 Which of the following best describes the underlying principles upon which the Global Investment Performance Standards (GIPS) are based?

A、 Fair and consistent application of a global set of regulatory requirements.
B、 Fair treatment of entities associated with securities law infractions.
C、 Full disclosure and fair representation of performance results.

【正确答案】 C

【答案解析】The GIPS standards are a set of voluntary standards based on the fundamental principles of full disclosure and fair representation of performance results.