During the initial consultation with a client, the personal financial planner and client need to mutually define the scope of the engagement before any PFP services are rendered. Which of the following elements should be defined?

I. The personal financial planner’s compensation arrangements.

II. The responsibilities of the client.

III. The duration of the engagement.

IV. Information which would limit the scope of the engagement.

A. All of the above.

B. I, III, IV.

C. I, III.

D. I, II, III.