Andrea is a Partner at KPMG. Her dependent children are interested in technology and sustainability. They wish to invest in companies that have environmentally responsible practices using a mobile phone app. What does she need to do? Advise her children that they should only invest amounts that are not material to their total savings. Advise her children that they can only invest in technology and sustainability companies that are listed and in the "Top 100". Advise her children that before selecting any shares through the app, they must check with Andrea, who will check if the investment is restricted and record it in KICS. If KPMG audits the company who developed the mobile phone app, Andrea needs to consult with the EIP.

SWFT Corp Partner Estates Trusts
42nd Edition
ISBN:9780357161548
Author:Raabe
Publisher:Raabe
Chapter19: Family Tax Planning
Section: Chapter Questions
Problem 11DQ
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Andrea is a Partner at KPMG. Her dependent children are interested in
technology and sustainability. They wish to invest in companies that have
environmentally responsible practices using a mobile phone app. What does she
need to do?
Advise her children that they should only invest amounts that are not
material to their total savings.
Advise her children that they can only invest in technology and
sustainability companies that are listed and in the "Top 100".
Advise her children that before selecting any shares through the app, they
must check with Andrea, who will check if the investment is restricted and
record it in KICS.
If KPMG audits the company who developed the mobile phone app,
Andrea needs to consult with the EIP.
Transcribed Image Text:Andrea is a Partner at KPMG. Her dependent children are interested in technology and sustainability. They wish to invest in companies that have environmentally responsible practices using a mobile phone app. What does she need to do? Advise her children that they should only invest amounts that are not material to their total savings. Advise her children that they can only invest in technology and sustainability companies that are listed and in the "Top 100". Advise her children that before selecting any shares through the app, they must check with Andrea, who will check if the investment is restricted and record it in KICS. If KPMG audits the company who developed the mobile phone app, Andrea needs to consult with the EIP.
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