PFP Standards and Responsibilities

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Overview

1.5 Credits
ONLINE

This CPE course covers professional standards and ethics required by the AICPA, including:

  • Integrity
  • Objectivity
  • Competence
  • Fairness
  • Confidentiality
  • Professionalism
  • Diligence
  • Unauthorized practice of law


This course will cover Statement on Standards in Personal Financial Planning Services No. 1 (SSPFPS No. 1) which provides guidance to AICPA members, and offers a framework for the CPA financial planner to deliver personal financial planning (PFP) services with the highest levels of integrity, professionalism, objectivity, and competence in order to best serve his or her clients and the public. It is incumbent upon all planners to be familiar with SSPFPS No. 1 and to adhere to its precepts. This course will give you the necessary information to incorporate these requirements into your professional practice and client engagements.

Objectives

  • Recall which AICPA Principle of Professional Conduct is defined as "the quality from which the public trust derives and the benchmark against which a member must ultimately test all decisions."
  • Identify the AICPA Principle of Professional Conduct that is derived from a "synthesis of education and experience."
  • Select the discipline that is not regulated as a profession.
  • Recognize the successor credential to the Accredited Personal Financial Specialist.
  • Determine when Statement on Standards in Personal Financial Planning Services No. 1 applies.
  • Recall which personal financial planning service uses established financial ratios that become the basis for many

Major Topics

  • Professional standards and ethics, as required by the AICPA
  • The Statement on Standards in Personal Financial Planning Services

Designed For

CPAs and financial planners with basic knowledge of financial planning and an interest in personal financial planning

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