Over the past 30 years CPAs have expanded the planning advice they provide to individuals and families in connection with personal finances. As both the profession and regulatory landscape rapidly evolved, it became evident that, in addition to the already existing regulatory framework for CPAs, issuing authoritative guidance specific to financial planning would be in the best interest of the public and our members. The Proposed Statement on Standards in Personal Financial Planning Services is intended to serve as a conceptual framework for CPAs who are personal financial planners; comments on the exposure draft will be accepted through Sept. 9, with a final draft expected to be in place by the end of the year.

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