As a trusted CPA financial planner who strives to remain in compliance with rules and regulations, where can you turn to have common questions answered? This document aims to help by providing nonauthoritative guidance with the Statement on Standards in Personal Financial Planning Services No. 1 (the standard). The areas addressed include:
Applicability of the standard
Sale of a Product
Tax Services
Valuation Services
Documentation and Disclosure
Working with Other Service Providers
Miscellaneous provisions of the standard
Please keep in mind that this summary should be used in conjunction with the standard and not as a full substitute for it.