Creating the Investment Policy Statement

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  • Location
    • Your Space
      Your Space
      Self Study - AICPA, ID 00000
  • Credits
    • 3.00
  • Credit Type(s)
    • Specialized Knowledge - Technical (3.00)
  • Prerequisites
    • Basic knowledge of the areas of personal financial planning (PFP)

  • Vendor
    • AICPA
  • Level
    • Intermediate
  • Fields of Study
    • Specialized Knowledge
  • Message
    • When & Where You Want

Description

A three-part course offering strategies applicable to investment planning that illustrates how the Investment Policy Statement (IPS) guides the planner and client through the investment process.

Objectives

  • Differentiate among the various types of tax rates for capital assets.
  • Recall tax treatment of basis in IRC Section 1091 transactions.
  • Determine the taxation of a loss on IRC Section 1244 stock.
  • Recall the impact the investment time horizon has on an investment portfolio.
  • Identify special liquidity considerations.
  • Recognize the legal obligation mandated by an investment policy statement.
  • Identify the components of an investment policy statement.

Highlights

  • Comparison of SOC 1, SOC 2 and SOC 3 reports
  • Standards and guidance relevant and applicable to SOC for service organizations examinations
  • SOC 1 and SOC 2 Planning, executing and reporting considerations
  • Evaluating the suitability of criteria
  • Responsibilities of management of the service organization
  • Evaluating the design of controls
  • Identifying subservice organizations
  • Understanding the content of the description
  • Trust Services Principles and Criteria and the new Trust Services Criteria

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