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AICPA broadens scope of financial planning education, assistance for consumers: pro bono services, web-based resources.



The AICPA AICPA

See American Institute of Certified Public Accountants (AICPA).
 and five of the country's leading financial planning groups have joined forces to reach out to sponsor the Project for Financial Independence, a pro bono financial planning effort offering free financial guidance to people who cannot afford an adviser or who face an immediate or unusual financial need.

Consumers who fall into one of four categories may be eligible to receive pro bono assistance under the Project for Financial Independence: low-income individuals (as defined by the U.S. Census Bureau at www.census.gov/hhes/poverty/threshld/thresh01.html); enlisted military personnel; people who face an immediate financial crisis (e.g., a natural disaster, long-term illness, the death of a family member, job loss, etc.); or people who are struggling with significant indebtedness or recovering from bankruptcy.

In addition to the AICPA, the organizations collaborating on this project are the Financial Planning Association, Certified Financial Planner Certified Financial Planner (CFP)

A person who has passed examinations accredited by the Certified Financial Planner Board of Standards, showing that the person is able to manage a client's banking, estate, insurance, investment, and tax affairs.
 Board of Standards, National Association of Personal Financial Advisors National Association of Personal Financial Advisors (or NAPFA) is an American organization created in 1983 to aid the field of Fee-Only financial planning by encouraging interest and establishing a new level of professional standards and reputation for excellence. , the Society of Financial Service Professionals, and the National Endowment for Financial Education, which organized the initial effort.

Initially, the Project for Financial Independence will work with Habitat for Humanity Habitat for Humanity, nonprofit ecumenical Christian organization that enables low-income people to own affordable, livable housing. Headquartered in Americus, Ga., it was founded in 1976 by businessman Millard Fuller and his wife. , Mothers Against Drunk Driving Mothers Against Drunk Driving (MADD) is a nonprofit organization with more than 600 chapters nationwide. MADD seeks to find effective solutions to the problems of drunk driving and underage drinking, while also supporting those persons whose relatives and friends have been killed by drunk  and Volunteers of America Volunteers of America, national nondenominational organization providing a wide variety of human services as part of a Christian ministry of service. Founded (1896) by Ballington and Maud Booth (see Booth, family) after their withdrawal from the Salvation Army, the  to identify people needing assistance and link them to a local volunteer financial adviser belonging to one of the four participating membership organizations--the AICPA, FPA 1. (hardware) FPA - floating-point accelerator.
2. (programming) FPA - Function Point Analysis.
, NAPFA and SFSP. More charitable organizations will be invited to participate as the project grows.

CPAs and CPAs with the PFS PFS,
n post facilitation stretch; therapeutic approach utilized during proprioceptive neuromuscular facilitation in which the patient begins the stretch midway between the fully relaxed and fully stretched position and uses maximum level of effort to
 credential are encouraged to lend their talents to this important public service project. Contact Jim Mullin of the AICPA at PFPVOL@aicpa.org if you are interested. Visit www.consultaplanner.org for information, resources and guidelines regarding pro bono service.

To further expand its presence in the consumer side of financial planning, the AICPA developed financial planning resources specifically for the public's use which are now available on the AICPA's Web site (www.aicpa.org/pfpinfo/index.asp). Among the items featured on the site are guidance on budgeting and saving, estate and retirement planning, managing credit, and an investment primer. The site also provides information about CPAs who hold the Personal Financial Specialist credential.

Information on the AICPA's financial literacy programs (The CPA Letter, Feb.) is housed at www.aicpa.org/financialliteracy.
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Publication:CPA Letter
Date:Jun 1, 2004
Words:374
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