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:

Interdependence

A mutual reliance between two or more groups, organisms, or objects, where each affects or depends on the others.

Familiarity Effect

The tendency of people to feel more positive toward a person, item, product, or other stimulus the more familiar they are with it.

Positive Toward

Positive toward is not a recognized psychological or scientific term and may be a typographical error or miscommunication. NO.

Stereotypes

Oversimplified and widely held beliefs about the characteristics, attributes, and behaviors of a particular group of people.