Some of the AICPA Trust Services Principles May Include

question 110

Multiple Choice

Some of the AICPA trust services principles may include:

• A)Management, notice, choice & consent, collection, use & retention, detention, and disclosure to third parties.
• B)Management, choice & consent, collection, use & retention, backup, access, disclosure to third parties, and security for privacy.
• C)Choice & consent, collection, use & retention, access, disclosure to third parties, redundancy for privacy, and quality.
• D)Management, choice & consent, use & retention, access, disclosure to third parties, and monitoring & enforcement.

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Definitions:

Different Ages

Refers to the variety in the chronological ages of individuals within a population, highlighting diversity in stages of life.

Sandwich Generation

A generation of people who care for their aging parents while supporting their own children.

Aging Parents

The phase in an adult child's life where they may begin to care for, or play a more significant role in the life of, their elderly parents.

Adult Children

Individuals who are legally adults, but are discussed in relation to their parents, often in the context of family dynamics or developmental psychology.