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.

Question

Quizplus · Accepted Answer

A CPA providing personal financial planning services should disclose the difference in compensation models available, regardless of whether it is increased or decreased. This is because it is important for clients to be aware of the potential conflicts of interest that may arise depending on how the planner is compensated. Full disclosure allows clients to make an informed decision about whether to engage the services of the CPA.

If a CPA Who Is Providing Personal Financial Planning Services