PFP Standards and Responsibilities

Overview

This CPE course can be purchased individually or as part of the PFP Practical Applications Certificate Program.

The Statement on Standards in Personal Financial Planning Services No. 1 (SSPFPS No. 1) provides a comprehensive roadmap for the practice of personal financial planning at a professional level.

In this audiovisual course updated for the Tax Cuts and Jobs Act and other recent trends and developments, Tom Tillery explains the professional standards and ethics required by the AICPA, including:

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

Gain the necessary information you need to incorporate these requirements into your professional practice and client engagements.

Highlights

Key Topics

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

Prerequisites

Basic knowledge of the areas of personal financial planning (PFP)

Objectives

Learning Outcomes

• Recall the AICPA Principle of Professional Conduct, 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.
• Determine when Statement on Standards in Personal Financial Planning Services No. 1 applies.