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:

Keynes

Relates to John Maynard Keynes, a UK-based economist whose notions significantly altered macroeconomics theory and the financial policies of governments.

Aggregate Supply

The aggregate amount of products and services that companies within an economy intend to offer for sale over a given period.

Aggregate Demand

The total demand for all goods and services within a particular market or economy at a given overall price level and time.

Classical School

A branch of economic thought that emphasizes the importance of market forces in determining economic outcomes and the self-regulating nature of the economy.