QUESTIONS 1 THROUGH 18 RELATE TO ETHICAL AND PROFESSIONAL STANDARDS

12. In countries where new local laws relating to calculation and presentation of investment performance conflict with GIPS standards, firms who have claimed GIPS compliance should most likely: A. stop claiming GIPS compliance. B. follow local laws, continue to claim GIPS compliance, and disclose conflicts. C. continue to claim GIPS compliance, disclosing non-compliance with new laws.