Which one of the following statements concerning an investment policy statement (IPS) is correct?

A)

The adviser, with his expertise, makes final determination of the inflation rate to be used in the planning horizon and written in the IPS.

B)

The client must agree to all assumptions listed in the IPS.

C)

The rate of return needed to complete goals determines the risk level chosen for the IPS.

D)

The client determines their risk level to be risk averse, but the adviser finds their risk level to be moderate; the adviser's determination of risk level will be used in the IPS.