AUD 2 Professional Responsibilities and Ethics 6 Flashcards
- Planning
The primary p____ing related requirement is for the CPA to make certain that the client is informed, in writing, of the scope and nature of the services and the CPA’s compensation for them.
Statements on Standards in Personal Financial Planning Services (PFP)
SSPFPS address 5 issues in relation to PFP services. These include:
- Planning the engagement
- Obtaining and analyzing information
- Developing and communicating recommendations
- Implementation engagements
- Monitoring and updating engagements
- Planning
The primary planning related requirement is for the CPA to make certain that the client is informed, in writing, of the scope and nature of the services and the CPA’s compensation for them.
- Planning
The primary planning related requirement is for the CPA to make certain that the client is informed, in writing, of the s____ and n____ of the services and the CPA’s compensation for them.
Statements on Standards in Personal Financial Planning Services (PFP)
SSPFPS address 5 issues in relation to PFP services. These include:
- Planning the engagement
- Obtaining and analyzing information
- Developing and communicating recommendations
- Implementation engagements
- Monitoring and updating engagements
- Planning
The primary planning related requirement is for the CPA to make certain that the client is informed, in writing, of the scope and nature of the services and the CPA’s compensation for them.
- Planning
The primary planning related requirement is for the CPA to make certain that the client is informed, in writing, of the scope and nature of the services and the CPA’s com________ for them.
Statements on Standards in Personal Financial Planning Services (PFP)
SSPFPS address 5 issues in relation to PFP services. These include:
- Planning the engagement
- Obtaining and analyzing information
- Developing and communicating recommendations
- Implementation engagements
- Monitoring and updating engagements
- Planning
The primary planning related requirement is for the CPA to make certain that the client is informed, in writing, of the scope and nature of the services and the CPA’s compensation for them.
- Planning
The p_____y planning related requirement is for the CPA to make certain that the client is informed, in writing, of the scope and nature of the services and the CPA’s compensation for them.
Statements on Standards in Personal Financial Planning Services (PFP)
SSPFPS address 5 issues in relation to PFP services. These include:
- Planning the engagement
- Obtaining and analyzing information
- Developing and communicating recommendations
- Implementation engagements
- Monitoring and updating engagements
- Planning
The primary planning related requirement is for the CPA to make certain that the client is informed, in writing, of the scope and nature of the services and the CPA’s compensation for them.
The written communication, required to be documented in the CPA’s file, will include other relevant aspects of the engagement, such as:
- Objectives
- Roles and responsibilities of the CPA, of the client, and of others, including other service providers
- Timing
- Constraints or scope limitations
- Conflicts of interest
- The CPA’s responsibilities, if any, for implementation, monitoring, or updating proposals
- Planning
The primary planning related requirement is for the CPA to make certain that the client is in_____ed, in w____ing, of the scope and nature of the services and the CPA’s compensation for them.
Statements on Standards in Personal Financial Planning Services (PFP)
SSPFPS address 5 issues in relation to PFP services. These include:
- Planning the engagement
- Obtaining and analyzing information
- Developing and communicating recommendations
- Implementation engagements
- Monitoring and updating engagements
- Planning
The primary planning related requirement is for the CPA to make certain that the client is informed, in writing, of the scope and nature of the services and the CPA’s compensation for them.
- Planning
The primary planning related requirement is for the CPA to make certain that the client is informed, in writing, of the scope and nature of the services and the CPA’s compensation for them.
The w____n communication, required to be d_______ed in the CPA’s file, will include other relevant aspects of the engagement.
Statements on Standards in Personal Financial Planning Services (PFP)
SSPFPS address 5 issues in relation to PFP services. These include:
- Planning the engagement
- Obtaining and analyzing information
- Developing and communicating recommendations
- Implementation engagements
- Monitoring and updating engagements
- Planning
The primary planning related requirement is for the CPA to make certain that the client is informed, in writing, of the scope and nature of the services and the CPA’s compensation for them.
The written communication, required to be documented in the CPA’s file, will include other relevant aspects of the engagement.
- Planning
The primary planning related requirement is for the CPA to make certain that the client is informed, in writing, of the scope and nature of the services and the CPA’s compensation for them.
The written communication, required to be documented in the CPA’s file, will include other r______t aspects of the engagement.
Statements on Standards in Personal Financial Planning Services (PFP)
SSPFPS address 5 issues in relation to PFP services. These include:
- Planning the engagement
- Obtaining and analyzing information
- Developing and communicating recommendations
- Implementation engagements
- Monitoring and updating engagements
- Planning
The primary planning related requirement is for the CPA to make certain that the client is informed, in writing, of the scope and nature of the services and the CPA’s compensation for them.
The written communication, required to be documented in the CPA’s file, will include other relevant aspects of the engagement.
- Planning
The primary planning related requirement is for the CPA to make certain that the client is informed, in writing, of the scope and nature of the services and the CPA’s compensation for them.
The written communication, required to be documented in the CPA’s file, will include other relevant aspects of the engagement, such as:
- Ob_____s
- Roles and r__________ies of the CPA, of the client, and of others, including other service providers
- Timing
- Constraints or scope limitations
- Conflicts of interest
- The CPA’s r_________ies, if any, for implementation, monitoring, or updating proposals
Statements on Standards in Personal Financial Planning Services (PFP)
SSPFPS address 5 issues in relation to PFP services. These include:
- Planning the engagement
- Obtaining and analyzing information
- Developing and communicating recommendations
- Implementation engagements
- Monitoring and updating engagements
- Planning
The primary planning related requirement is for the CPA to make certain that the client is informed, in writing, of the scope and nature of the services and the CPA’s compensation for them.
The written communication, required to be documented in the CPA’s file, will include other relevant aspects of the engagement, such as:
- Objectives
- Roles and responsibilities of the CPA, of the client, and of others, including other service providers
- Timing
- Constraints or scope limitations
- Conflicts of interest
- The CPA’s responsibilities, if any, for implementation, monitoring, or updating proposals
- Planning
The written communication, required to be documented in the CPA’s file, will include other relevant aspects of the engagement, such as:
- Objectives
- Roles and responsibilities of the CPA, of the client, and of others, including other service providers
- T__ing
- Constraints or s___e limitations
- Co____s of interest
- The CPA’s responsibilities, if any, for implementation, monitoring, or updating proposals
Statements on Standards in Personal Financial Planning Services (PFP)
- Planning
The primary planning related requirement is for the CPA to make certain that the client is informed, in writing, of the scope and nature of the services and the CPA’s compensation for them.
The written communication, required to be documented in the CPA’s file, will include other relevant aspects of the engagement, such as:
- Objectives
- Roles and responsibilities of the CPA, of the client, and of others, including other service providers
- Timing
- Constraints or scope limitations
- Conflicts of interest
- The CPA’s responsibilities, if any, for implementation, monitoring, or updating proposals
- Planning
The written communication, required to be documented in the CPA’s file, will include other relevant aspects of the engagement, such as:
- Objectives
- Roles and responsibilities of the CPA, of the client, and of others, including other service providers
- Timing
- Constraints or scope li______ns
- Conflicts of interest
- The CPA’s responsibilities, if any, for im__________n, monitoring, or updating proposals
Statements on Standards in Personal Financial Planning Services (PFP)
- Planning
The primary planning related requirement is for the CPA to make certain that the client is informed, in writing, of the scope and nature of the services and the CPA’s compensation for them.
The written communication, required to be documented in the CPA’s file, will include other relevant aspects of the engagement, such as:
- Objectives
- Roles and responsibilities of the CPA, of the client, and of others, including other service providers
- Timing
- Constraints or scope limitations
- Conflicts of interest
- The CPA’s responsibilities, if any, for implementation, monitoring, or updating proposals
- Planning
The written communication, required to be documented in the CPA’s file, will include other relevant aspects of the engagement, such as:
- Objectives
- Roles and responsibilities of the CPA, of the c_____, and of o____s, including other service providers
- Timing
- Constraints or scope limitations
- Conflicts of interest
- The CPA’s responsibilities, if any, for implementation, monitoring, or updating proposals
Statements on Standards in Personal Financial Planning Services (PFP)
- Planning
The primary planning related requirement is for the CPA to make certain that the client is informed, in writing, of the scope and nature of the services and the CPA’s compensation for them.
The written communication, required to be documented in the CPA’s file, will include other relevant aspects of the engagement, such as:
- Objectives
- Roles and responsibilities of the CPA, of the client, and of others, including other service providers
- Timing
- Constraints or scope limitations
- Conflicts of interest
- The CPA’s responsibilities, if any, for implementation, monitoring, or updating proposals
- Planning
The written communication, required to be documented in the CPA’s file, will include other relevant aspects of the engagement, such as:
- Objectives
- Roles and responsibilities of the CPA, of the client, and of others, including other service pr____ers
- Timing
- Cons______s or scope limitations
- Conflicts of in______
- The CPA’s responsibilities, if any, for implementation, monitoring, or updating proposals
Statements on Standards in Personal Financial Planning Services (PFP)
- Planning
The primary planning related requirement is for the CPA to make certain that the client is informed, in writing, of the scope and nature of the services and the CPA’s compensation for them.
The written communication, required to be documented in the CPA’s file, will include other relevant aspects of the engagement, such as:
- Objectives
- Roles and responsibilities of the CPA, of the client, and of others, including other service providers
- Timing
- Constraints or scope limitations
- Conflicts of interest
- The CPA’s responsibilities, if any, for implementation, monitoring, or updating proposals
- Planning
The written communication, required to be documented in the CPA’s file, will include other relevant aspects of the engagement, such as:
- Objectives
- Roles and responsibilities of the CPA, of the client, and of others, including other service providers
- Timing
- Constraints or scope limitations
- Conflicts of interest
- The CPA’s responsibilities, if any, for implementation, mo_____ing, or up___ing proposals
Statements on Standards in Personal Financial Planning Services (PFP)
- Planning
The primary planning related requirement is for the CPA to make certain that the client is informed, in writing, of the scope and nature of the services and the CPA’s compensation for them.
The written communication, required to be documented in the CPA’s file, will include other relevant aspects of the engagement, such as:
- Objectives
- Roles and responsibilities of the CPA, of the client, and of others, including other service providers
- Timing
- Constraints or scope limitations
- Conflicts of interest
- The CPA’s responsibilities, if any, for implementation, monitoring, or updating proposals
- Planning
The primary planning related requirement is for the CPA to make certain that the client is informed, in writing, of the scope and nature of the services and the CPA’s compensation for them.
The written com_________, required to be documented in the CPA’s file, will include other relevant aspects of the engagement, such as:
- Objectives
- Roles and responsibilities of the CPA, of the client, and of others, including other service providers
- Timing
- Constraints or scope limitations
- Conflicts of interest
- The CPA’s responsibilities, if any, for implementation, monitoring, or updating proposals
Statements on Standards in Personal Financial Planning Services (PFP)
SSPFPS address 5 issues in relation to PFP services. These include:
- Planning the engagement
- Obtaining and analyzing information
- Developing and communicating recommendations
- Implementation engagements
- Monitoring and updating engagements
- Planning
The primary planning related requirement is for the CPA to make certain that the client is informed, in writing, of the scope and nature of the services and the CPA’s compensation for them.
The written communication, required to be documented in the CPA’s file, will include other relevant aspects of the engagement, such as:
- Objectives
- Roles and responsibilities of the CPA, of the client, and of others, including other service providers
- Timing
- Constraints or scope limitations
- Conflicts of interest
- The CPA’s responsibilities, if any, for implementation, monitoring, or updating proposals
- Obtaining and Analyzing Information
A CPA performing PFP services is required to use professional j_______t in the collection and analysis of inf________ and in determining if sufficient information has been or can be obtained and analyzed to achieve the engagement’s objectives.
Statements on Standards in Personal Financial Planning Services (PFP)
SSPFPS address 5 issues in relation to PFP services. These include:
- Planning the engagement
- Obtaining and analyzing information
- Developing and communicating recommendations
- Implementation engagements
- Monitoring and updating engagements
- Obtaining and Analyzing Information
A CPA performing PFP services is required to use professional judgment in the collection and analysis of information and in determining if sufficient information has been or can be obtained and analyzed to achieve the engagement’s objectives.
If sufficient information does not exist or cannot be obtained, the engagement should be modified or terminated.
- Obtaining and Analyzing Information
A CPA performing PFP services is re_____ed to use prof________ judgment in the collection and analysis of information and in determining if sufficient information has been or can be obtained and analyzed to achieve the engagement’s objectives.
Statements on Standards in Personal Financial Planning Services (PFP)
- Obtaining and Analyzing Information
A CPA performing PFP services is required to use professional judgment in the collection and analysis of information and in determining if sufficient information has been or can be obtained and analyzed to achieve the engagement’s objectives.
- Obtaining and Analyzing Information
A CPA performing PFP services is required to use professional judgment in the coll_____ and an_____s of information and in determining if sufficient information has been or can be obtained and analyzed to achieve the engagement’s objectives.
Statements on Standards in Personal Financial Planning Services (PFP)
- Obtaining and Analyzing Information
A CPA performing PFP services is required to use professional judgment in the collection and analysis of information and in determining if sufficient information has been or can be obtained and analyzed to achieve the engagement’s objectives.
- Obtaining and Analyzing Information
A CPA performing PFP services is required to use professional judgment in the collection and analysis of information and in de______ing if suf______ information has been or can be obtained and analyzed to achieve the engagement’s objectives.
Statements on Standards in Personal Financial Planning Services (PFP)
- Obtaining and Analyzing Information
A CPA performing PFP services is required to use professional judgment in the collection and analysis of information and in determining if sufficient information has been or can be obtained and analyzed to achieve the engagement’s objectives.
- Obtaining and Analyzing Information
A CPA performing PFP services is required to use professional judgment in the collection and analysis of information and in determining if sufficient information has been or can be ob____ed and an____ed to achieve the engagement’s objectives.
Statements on Standards in Personal Financial Planning Services (PFP)
- Obtaining and Analyzing Information
A CPA performing PFP services is required to use professional judgment in the collection and analysis of information and in determining if sufficient information has been or can be obtained and analyzed to achieve the engagement’s objectives.
- Obtaining and Analyzing Information
A CPA performing PFP services is required to use professional judgment in the collection and analysis of information and in determining if sufficient information has been or can be obtained and analyzed to achieve the engagement’s ob______s.
Statements on Standards in Personal Financial Planning Services (PFP)
- Obtaining and Analyzing Information
A CPA performing PFP services is required to use professional judgment in the collection and analysis of information and in determining if sufficient information has been or can be obtained and analyzed to achieve the engagement’s objectives.
- Obtaining and Analyzing Information
A CPA performing PFP services is required to use professional judgment in the collection and analysis of information and in determining if sufficient information has been or can be obtained and analyzed to achieve the engagement’s objectives.
If suf_____ information does not exist or cannot be ob____ed, the engagement should be modified or terminated.
Statements on Standards in Personal Financial Planning Services (PFP)
- Obtaining and Analyzing Information
A CPA performing PFP services is required to use professional judgment in the collection and analysis of information and in determining if sufficient information has been or can be obtained and analyzed to achieve the engagement’s objectives.
If sufficient information does not exist or cannot be obtained, the engagement should be modified or terminated.
- Obtaining and Analyzing Information
If sufficient information does not exist or cannot be obtained, the en_______t should be modified or terminated.
Statements on Standards in Personal Financial Planning Services (PFP)
- Obtaining and Analyzing Information
If sufficient information does not exist or cannot be obtained, the engagement should be modified or terminated.
- Obtaining and Analyzing Information
If sufficient information does not exist or cannot be obtained, the engagement should be mo____ed or ter______ed.
Statements on Standards in Personal Financial Planning Services (PFP)
- Obtaining and Analyzing Information
If sufficient information does not exist or cannot be obtained, the engagement should be modified or terminated.
- Obtaining and A____zing Information
A CPA performing PFP services is required to use professional judgment in the collection and analysis of information and in determining if sufficient information has been or can be obtained and analyzed to achieve the engagement’s objectives.
If sufficient information does not exist or cannot be obtained, the engagement should be modified or terminated.
Statements on Standards in Personal Financial Planning Services (PFP)
- Obtaining and Analyzing Information
A CPA performing PFP services is required to use professional judgment in the collection and analysis of information and in determining if sufficient information has been or can be obtained and analyzed to achieve the engagement’s objectives.
If sufficient information does not exist or cannot be obtained, the engagement should be modified or terminated.
- Obtaining and Analyzing Information
Analysis of information obtained should include
eva______ of the reasonableness of significant estimates and assumptions,
use of assumptions that are consistent with one another, and
the relationship of other PFP activities performed by the CPA or others.
Statements on Standards in Personal Financial Planning Services (PFP)
SSPFPS address 5 issues in relation to PFP services. These include:
- Planning the engagement
- Obtaining and analyzing information
- Developing and communicating recommendations
- Implementation engagements
- Monitoring and updating engagements
- Obtaining and Analyzing Information
Analysis of information obtained should include
evaluation of the reasonableness of significant estimates and assumptions,
use of assumptions that are consistent with one another, and
the relationship of other PFP activities performed by the CPA or others.
- Obtaining and Analyzing Information
Analysis of information obtained should include
evaluation of the reasonableness of significant estimates and ass________s,
use of ass__________s that are consistent with one another, and
the relationship of other PFP activities performed by the CPA or others.
Statements on Standards in Personal Financial Planning Services (PFP)
- Obtaining and Analyzing Information
Analysis of information obtained should include
evaluation of the reasonableness of significant estimates and assumptions,
use of assumptions that are consistent with one another, and
the relationship of other PFP activities performed by the CPA or others.
- Obtaining and Analyzing Information
Analysis of information obtained should include
evaluation of the re________ss of significant estimates and assumptions,
use of assumptions that are consistent with one another, and
the relationship of other PFP activities performed by the CPA or others.
Statements on Standards in Personal Financial Planning Services (PFP)
- Obtaining and Analyzing Information
Analysis of information obtained should include
evaluation of the reasonableness of significant estimates and assumptions,
use of assumptions that are consistent with one another, and
the relationship of other PFP activities performed by the CPA or others.
- Obtaining and Analyzing Information
Analysis of information obtained should include
evaluation of the reasonableness of si_________t estimates and assumptions,
use of assumptions that are consistent with one another, and
the relationship of other PFP activities performed by the CPA or others.
Statements on Standards in Personal Financial Planning Services (PFP)
- Obtaining and Analyzing Information
Analysis of information obtained should include
evaluation of the reasonableness of significant estimates and assumptions,
use of assumptions that are consistent with one another, and
the relationship of other PFP activities performed by the CPA or others.
- Obtaining and Analyzing Information
Analysis of information obtained should include
evaluation of the reasonableness of significant es_______s and assumptions,
use of assumptions that are consistent with one another, and
the relationship of other PFP activities performed by the CPA or others.
Statements on Standards in Personal Financial Planning Services (PFP)
- Obtaining and Analyzing Information
Analysis of information obtained should include
evaluation of the reasonableness of significant estimates and assumptions,
use of assumptions that are consistent with one another, and
the relationship of other PFP activities performed by the CPA or others.
- Obtaining and Analyzing Information
Analysis of information obtained should include
evaluation of the reasonableness of significant estimates and assumptions,
use of assumptions that are consistent with one another, and
the re________ of other PFP activities performed by the CPA or others.
Statements on Standards in Personal Financial Planning Services (PFP)
- Obtaining and Analyzing Information
Analysis of information obtained should include
evaluation of the reasonableness of significant estimates and assumptions,
use of assumptions that are consistent with one another, and
the relationship of other PFP activities performed by the CPA or others.
- Obtaining and Analyzing Information
Analysis of information obtained should include
evaluation of the reasonableness of significant estimates and assumptions,
use of assumptions that are con______t with one another, and
the relationship of other PFP activities performed by the CPA or others.
Statements on Standards in Personal Financial Planning Services (PFP)
- Obtaining and Analyzing Information
Analysis of information obtained should include
evaluation of the reasonableness of significant estimates and assumptions,
use of assumptions that are consistent with one another, and
the relationship of other PFP activities performed by the CPA or others.
- Ob___ing and Analyzing Information
A CPA performing PFP services is required to use professional judgment in the collection and analysis of information and in determining if sufficient information has been or can be obtained and analyzed to achieve the engagement’s objectives.
If sufficient information does not exist or cannot be obtained, the engagement should be modified or terminated.
Analysis of information obtained should include evaluation of the reasonableness of significant estimates and assumptions, use of assumptions that are consistent with one another, and the relationship of other PFP activities performed by the CPA or others.
Statements on Standards in Personal Financial Planning Services (PFP)
- Obtaining and Analyzing Information
A CPA performing PFP services is required to use professional judgment in the collection and analysis of information and in determining if sufficient information has been or can be obtained and analyzed to achieve the engagement’s objectives.
If sufficient information does not exist or cannot be obtained, the engagement should be modified or terminated.
Analysis of information obtained should include evaluation of the reasonableness of significant estimates and assumptions, use of assumptions that are consistent with one another, and the relationship of other PFP activities performed by the CPA or others.
- Developing and Communicating Recommendations
Re___________s should be made that are consistent with the objectives of the engagement, derived from analysis of relevant information, including the client’s goals and financial circumstances.
Communication with the client should include significant assumptions and estimates.
Statements on Standards in Personal Financial Planning Services (PFP)
SSPFPS address 5 issues in relation to PFP services. These include:
- Planning the engagement
- Obtaining and analyzing information
- Developing and communicating recommendations
- Implementation engagements
- Monitoring and updating engagements
- Developing and Communicating Recommendations
Recommendations should be made that are consistent with the objectives of the engagement, derived from analysis of relevant information, including the client’s goals and financial circumstances.
Communication with the client should include significant assumptions and estimates.
- Developing and Communicating Recommendations
Recommendations should be made that are consistent with the ob______s of the engagement, derived from analysis of relevant information, including the client’s goals and financial circumstances.
Statements on Standards in Personal Financial Planning Services (PFP)
- Developing and Communicating Recommendations
Recommendations should be made that are consistent with the objectives of the engagement, derived from analysis of relevant information, including the client’s goals and financial circumstances.
Communication with the client should include significant assumptions and estimates.
- Developing and Communicating Recommendations
Recommendations should be made that are consistent with the objectives of the engagement, derived from an_____s of relevant inf_______, including the client’s goals and financial circumstances.
Statements on Standards in Personal Financial Planning Services (PFP)
- Developing and Communicating Recommendations
Recommendations should be made that are consistent with the objectives of the engagement, derived from analysis of relevant information, including the client’s goals and financial circumstances.
- Developing and Communicating Recommendations
Recommendations should be made that are consistent with the objectives of the en________, derived from analysis of relevant information, including the client’s goals and financial circumstances.
Statements on Standards in Personal Financial Planning Services (PFP)
- Developing and Communicating Recommendations
Recommendations should be made that are consistent with the objectives of the engagement, derived from analysis of relevant information, including the client’s goals and financial circumstances.
- Developing and Communicating Recommendations
Recommendations should be made that are consistent with the objectives of the engagement, derived from analysis of re_____ information, including the client’s goals and financial circumstances.
Statements on Standards in Personal Financial Planning Services (PFP)
- Developing and Communicating Recommendations
Recommendations should be made that are consistent with the objectives of the engagement, derived from analysis of relevant information, including the client’s goals and financial circumstances.
- Developing and Communicating Recommendations
Recommendations should be made that are consistent with the objectives of the engagement, derived from analysis of relevant information, including the client’s g___s and f______l circumstances.
Statements on Standards in Personal Financial Planning Services (PFP)
- Developing and Communicating Recommendations
Recommendations should be made that are consistent with the objectives of the engagement, derived from analysis of relevant information, including the client’s goals and financial circumstances.
- Developing and Communicating Recommendations
Recommendations should be made that are consistent with the objectives of the engagement, derived from analysis of relevant information, including the client’s goals and financial circumstances.
Communication with the client should include si______ assumptions and estimates.
Statements on Standards in Personal Financial Planning Services (PFP)
- Developing and Communicating Recommendations
Recommendations should be made that are consistent with the objectives of the engagement, derived from analysis of relevant information, including the client’s goals and financial circumstances.
Communication with the client should include significant assumptions and estimates.
- Developing and Communicating Recommendations
Recommendations should be made that are consistent with the objectives of the engagement, derived from analysis of relevant information, including the client’s goals and financial circumstances.
Communication with the client should include significant ass______s and es______s.
Communication with the client should include significant assumptions and estimates.
- Developing and Communicating Recommendations
Recommendations should be made that are consistent with the objectives of the engagement, derived from analysis of relevant information, including the client’s goals and financial circumstances.
Com__________ with the client should include significant assumptions and estimates.
Communication with the client should include significant assumptions and estimates.
- Developing and Communicating Recommendations
Communication with the client should include significant assumptions and estimates.
Do\_\_\_\_\_\_\_\_\_\_ should include: • Client’s goals • Significant assumptions and estimates • Limitations on work performed • Recommendations and any qualifications to the recommendations
Statements on Standards in Personal Financial Planning Services (PFP)
- Developing and Communicating Recommendations
Recommendations should be made that are consistent with the objectives of the engagement, derived from analysis of relevant information, including the client’s goals and financial circumstances.
Communication with the client should include significant assumptions and estimates.
Documentation should include: • Client’s goals • Significant assumptions and estimates • Limitations on work performed • Recommendations and any qualifications to the recommendations
- Developing and Communicating Recommendations
Communication with the client should include significant assumptions and estimates.
Documentation should include: • Client’s g\_\_\_s • Significant assumptions and estimates • Li\_\_\_\_\_\_s on work performed • Recommendations and any qualifications to the recommendations
Statements on Standards in Personal Financial Planning Services (PFP)
- Developing and Communicating Recommendations
Communication with the client should include significant assumptions and estimates.
Documentation should include: • Client’s goals • Significant assumptions and estimates • Limitations on work performed • Recommendations and any qualifications to the recommendations
- Developing and Communicating Recommendations
Communication with the client should include significant assumptions and estimates.
Documentation should include: • Client’s goals • Significant assumptions and estimates • Limitations on w\_\_\_ performed • Re\_\_\_\_\_\_\_\_\_\_\_s and any qualifications to the recommendations
Statements on Standards in Personal Financial Planning Services (PFP)
- Developing and Communicating Recommendations
Communication with the client should include significant assumptions and estimates.
Documentation should include: • Client’s goals • Significant assumptions and estimates • Limitations on work performed • Recommendations and any qualifications to the recommendations
- Developing and Communicating Recommendations
Communication with the client should include significant assumptions and estimates.
Documentation should include: • Client’s goals • Significant assumptions and estimates • Limitations on work performed • Recommendations and any q\_\_\_\_\_\_\_\_\_s to the recommendations
Statements on Standards in Personal Financial Planning Services (PFP)
- Developing and Communicating Recommendations
Communication with the client should include significant assumptions and estimates.
Documentation should include: • Client’s goals • Significant assumptions and estimates • Limitations on work performed • Recommendations and any qualifications to the recommendations
- Developing and Communicating Recommendations
Communication with the client should include significant assumptions and estimates.
Documentation should include: • Client’s goals • Significant ass\_\_\_\_\_\_\_s and es\_\_\_\_\_\_\_s • Limitations on work performed • Recommendations and any qualifications to the recommendations
Statements on Standards in Personal Financial Planning Services (PFP)
- Developing and Communicating Recommendations
Communication with the client should include significant assumptions and estimates.
Documentation should include: • Client’s goals • Significant assumptions and estimates • Limitations on work performed • Recommendations and any qualifications to the recommendations
- Developing and Communicating Recommendations
Communication with the client should include significant assumptions and estimates.
Documentation should include: • Client’s goals • Significant assumptions and estimates • Limitations on work performed • Recommendations and any qualifications to the re\_\_\_\_\_\_\_\_\_\_s
Statements on Standards in Personal Financial Planning Services (PFP)
- Developing and Communicating Recommendations
Recommendations should be made that are consistent with the objectives of the engagement, derived from analysis of relevant information, including the client’s goals and financial circumstances.
Communication with the client should include significant assumptions and estimates.
Documentation should include: • Client’s goals • Significant assumptions and estimates • Limitations on work performed • Recommendations and any qualifications to the recommendations
- De_____ing and Communicating Recommendations
Recommendations should be made that are consistent with the objectives of the engagement, derived from analysis of relevant information, including the client’s goals and financial circumstances.
Communication with the client should include significant assumptions and estimates.
Documentation should include: • Client’s goals • Significant assumptions and estimates • Limitations on work performed • Recommendations and any qualifications to the recommendations
Statements on Standards in Personal Financial Planning Services (PFP)
- Developing and Communicating Recommendations
Recommendations should be made that are consistent with the objectives of the engagement, derived from analysis of relevant information, including the client’s goals and financial circumstances.
Communication with the client should include significant assumptions and estimates.
Documentation should include: • Client’s goals • Significant assumptions and estimates • Limitations on work performed • Recommendations and any qualifications to the recommendations
- Implementation engagements
When engaged to assist the client in implementing PFP recommendations, the understanding with the client should be do_______ed and should include the roles and responsibilities of the CPA, the client, and of other service providers.
Statements on Standards in Personal Financial Planning Services (PFP)
SSPFPS address 5 issues in relation to PFP services. These include:
- Planning the engagement
- Obtaining and analyzing information
- Developing and communicating recommendations
- Implementation engagements
- Monitoring and updating engagements
- Implementation engagements
When engaged to assist the client in implementing PFP recommendations, the understanding with the client should be documented and should include the roles and responsibilities of the CPA, the client, and of other service providers.
- Implementation engagements
When en____d to assist the client in implementing PFP recommendations, the understanding with the client should be documented and should include the roles and responsibilities of the CPA, the client, and of other service providers.
Statements on Standards in Personal Financial Planning Services (PFP)
- Implementation engagements
When engaged to assist the client in implementing PFP recommendations, the understanding with the client should be documented and should include the roles and responsibilities of the CPA, the client, and of other service providers.
- Implementation engagements
When engaged to as____ the client in implementing PFP recommendations, the understanding with the client should be documented and should include the roles and responsibilities of the CPA, the client, and of other service providers.
Statements on Standards in Personal Financial Planning Services (PFP)
- Implementation engagements
When engaged to assist the client in implementing PFP recommendations, the understanding with the client should be documented and should include the roles and responsibilities of the CPA, the client, and of other service providers.
- Implementation engagements
When engaged to assist the client in im_______ing PFP recommendations, the understanding with the client should be documented and should include the roles and responsibilities of the CPA, the client, and of other service providers.
Statements on Standards in Personal Financial Planning Services (PFP)
- Implementation engagements
When engaged to assist the client in implementing PFP recommendations, the understanding with the client should be documented and should include the roles and responsibilities of the CPA, the client, and of other service providers.
- Implementation engagements
When engaged to assist the client in implementing PFP recommendations, the un________ing with the client should be documented and should include the roles and responsibilities of the CPA, the client, and of other service providers.
Statements on Standards in Personal Financial Planning Services (PFP)
- Implementation engagements
When engaged to assist the client in implementing PFP recommendations, the understanding with the client should be documented and should include the roles and responsibilities of the CPA, the client, and of other service providers.
- Implementation engagements
When engaged to assist the client in implementing PFP recommendations, the understanding with the client should be documented and should include the r____s and responsibilities of the CPA, the client, and of other service providers.
Statements on Standards in Personal Financial Planning Services (PFP)
- Implementation engagements
When engaged to assist the client in implementing PFP recommendations, the understanding with the client should be documented and should include the roles and responsibilities of the CPA, the client, and of other service providers.
- Implementation engagements
When engaged to assist the client in implementing PFP recommendations, the understanding with the client should be documented and should include the roles and responsibilities of the CPA, the client, and of other service providers.
Documentation will include a su______y of decisions being implemented, recommended actions taken, and limitations on work performed in the implementation engagement.
Statements on Standards in Personal Financial Planning Services (PFP)
- Implementation engagements
When engaged to assist the client in implementing PFP recommendations, the understanding with the client should be documented and should include the roles and responsibilities of the CPA, the client, and of other service providers.
Documentation will include a summary of decisions being implemented, recommended actions taken, and limitations on work performed in the implementation engagement.
- Implementation engagements
When engaged to assist the client in implementing PFP recommendations, the understanding with the client should be documented and should include the roles and responsibilities of the CPA, the client, and of other service providers.
Documentation will include a summary of decisions being im_______ed, recommended actions taken, and limitations on work performed in the implementation engagement.
Statements on Standards in Personal Financial Planning Services (PFP)
- Implementation engagements
When engaged to assist the client in implementing PFP recommendations, the understanding with the client should be documented and should include the roles and responsibilities of the CPA, the client, and of other service providers.
Documentation will include a summary of decisions being implemented, recommended actions taken, and limitations on work performed in the implementation engagement.
- Implementation engagements
Documentation will include a summary of decisions being implemented, rec________ed actions taken, and limitations on work performed in the implementation engagement.
Statements on Standards in Personal Financial Planning Services (PFP)
- Implementation engagements
Documentation will include a summary of decisions being implemented, recommended actions taken, and limitations on work performed in the implementation engagement.
- Implementation engagements
Documentation will include a summary of decisions being implemented, recommended actions taken, and li________s on work performed in the implementation engagement.
Statements on Standards in Personal Financial Planning Services (PFP)
- Implementation engagements
Documentation will include a summary of decisions being implemented, recommended actions taken, and limitations on work performed in the implementation engagement.
