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:

Computer Program

A set of instructions written in a programming language, executed by computers to perform specific tasks.

Negatively

In a manner that expresses disagreement, refusal, or a negative outcome.

Family User Accounts

User accounts configured within an operating system to allow family members to access specific content and settings tailored for individual use.

Sign-In

The process of authenticating identity to gain access to a system or service by providing credentials, such as a username and password.