According to the AIMR- PPS, systems incompatibilities

According to the AIMR- PPS, systems incompatibilities
A . causes distortion of performance presentation and needs to be disclosed.
B . are one reason for which a firm may not claim compliance for all assets.
C . cannot be used as a reason for not claiming compliance for all assets.
D . render a firm unable to claim compliance with the PPS, thus the firm should ensure compatibility.

View Answer

Answer: C

Explanation:

Systems incompatibilities cannot be used as a reason for not claiming compliance for all assets (i.e., a firm cannot make the claim of compliance for only those assets that are measured and monitored on compatible systems).