If a CPA Who Is Providing Personal Financial Planning Services

question 5

Multiple Choice

If a CPA who is providing personal financial planning services and alternative compensation models are available,the CPA should:

• A)Disclose the difference.
• B)Disclose the differences only if compensation is increased.
• C)Disclose the differences only if acting as an RIA and compensation is increased.
• D)Disclose the differences only if acting as an RIA and compensation is decreased.

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Definitions:

Unconditional Promise

A commitment or guarantee that is not subject to any conditions or stipulations.

Agreement to Sell

An agreement to sell indicates a mutual understanding or contract between parties to transfer property or goods from seller to buyer in the future.

Expiry Dates

Specified dates after which a product is no longer considered safe or effective to use, or a period is considered to have ended.

Gift Cards

Prepaid stored-value money cards issued by retailers or banks to be used as an alternative to cash for purchases within a particular store or related businesses.