问题
单项选择题
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.
答案
参考答案：C
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.