The CPA/PFS Should Document Their Understanding of the Implementation Engagement,including

question 1

Multiple Choice

The CPA/PFS should document their understanding of the implementation engagement,including the roles and responsibilities of the CPA/PFS,the client,and other service providers.Documentation should include all of the following except:

• A)Client's evaluation of progress toward achieving the client's financial planning goals,including whether the client's existing financial plan and specific financial recommendations should be updated.
• B)Criteria that are important to the achievement of the financial planning goals being monitored.
• C)Frequency and time period of measuring the clients progress toward reaching the stated goals.
• D)Utilization of monitoring criteria that are appropriate to,and consistent with,the criteria used to establish the goals being monitored.

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Definitions:

Settling Point

A theory suggesting that body weight is regulated around a genetically predetermined 'set point', but environmental factors can change this point over time.

Plasticity

The capacity of the brain to change and adapt in response to experience, environment, or injury.

Sweet Tastes

The sensory experience perceived by taste receptors on the tongue in response to the presence of sugar or other sweet substances.

Salty Tastes

A basic taste sensation experienced when sodium ions are present in the food or substance being consumed.