R.J. Young is meeting with a new client for the first time. At this meeting, he will be gathering information about the client in order to assess the client's investment objectives and constraints. As he does for all of his clients, Young will then prepare a written investment policy statement (IPS). According to the recommended procedures for complying with the Standard on suitability, which of the following statements regarding an IPS is least accurate? —

单选题 编号：2692054

1. R.J. Young is meeting with a new client for the first time. At this meeting, he will be gathering information about the client in order to assess the client's investment objectives and constraints. As he does for all of his clients, Young will then prepare a written investment policy statement (IPS). According to the recommended procedures for complying with the Standard on suitability, which of the following statements regarding an IPS is least accurate?

A.An IPS should describe the roles and responsibilities of the adviser and client.
B.A member or candidate is not responsible for financial information withheld by the client.
C.A client's IPS must be updated at least quarterly to reflect any changes in their investment profile.

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