Which of the following is/are true with respect to the CFP Practice Standards? 1. Each Practice Standard is a statement regarding one of the steps in the financial planning process or investments planning process. 2. Includes monitoring responsibilities after a financial plan is implemented. 3. The scope of the engagement does not have to be in writing. Select one: a. 1 and 3 b. None of the responses are true c. 3 only d. 1, 2, and 3

What must be included, in writing, in any engagement letter that involves financial planning? Select one: a. References b. Specific Planner Compensation amount c. The firm's Privacy Policy d. Conflicts of interest