单选题 When GIPS and local laws conflict, in order to be in compliance with GIPS, the investment firm must:
  • A. follow GIPS and need not reference the local law.
  • B. follow GIPS but disclose that this is in conflict with local laws.
  • C. follow local law but disclose the conflict with GIPS.
【正确答案】 C
【答案解析】[解析] 根据GIPS标准的要求，当GIPS标准与当地法律存在冲突时，会员应当遵守当地法律，而将GIPS标准作为本地法律法规的有益补充。同时，会员还应当披露当地法律与GIPS标准之间存在的冲突。