The Institute published a series of Statements on Responsibilities (SORs) applicable to any member providing personal financial planning (PFP) services on a full-time, part-time or occasional basis.
The Institute published a series of Statements on Responsibilities (SORs) applicable to any member providing personal financial planning Financial planning
Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against (PFP PFP - Plastic Flat Package ) services on a full-time, part-time or occasional basis. To help members understand this guidance, the AICPA AICPA
See American Institute of Certified Public Accountants (AICPA). is publishing a series of explanatory ex·plan·a·to·ry
adj.
Serving or intended to explain: an explanatory paragraph.
ex·plan articles. One such article (www.aicpa.org/download/pfp/work_with_adv.pdf) focuses on SOR no. 2, Working with Other Advisors in a PFP Engagement, explaining its provisions and addressing compliance issues and practice opportunities for CPAs.
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