A key aspect of GIPS verification is that it cannot be internal

问题如下：

Which element is not included in the GIPS? verification process?

选项：

A.Assessment of the firm's adherence to policies and procedures for composite management. B.Conducting the verification internally by the firm's compliance department without external involvement. C.Evaluation of the firm's methodology for calculating and reporting results as per GIPS.

解释：

Option B is correct. A key aspect of GIPS verification is that it cannot be internally conducted by the firm’s compliance department; it requires an independent third-party verifier. The verification process involves ensuring the firm's policies and procedures are aligned with GIPS requirements and that its result calculation methods are GIPS-compliant.