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  • Global Financial Planning Education Standards

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    76241_1.pdf (189.6Kb)
    Author(s)
    Bruce, Ken
    Gupta, Rakesh
    Griffith University Author(s)
    Gupta, Rakesh
    Year published
    2011
    Metadata
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    Abstract
    Financial planning may not meet all the accepted criteria of traditional professions such as divinity and law, it does, however, fit the post-modernist view of professions characterized by the role played by professional associations. The hallmark of a profession is the presence of a common body of knowledge and it can be claimed that a theoretical body of knowledge for the "financial planning profession" has always existed, although it has only been in recent times that agreement has been reached on a common understanding of the theoretical basis of the financial planning profession. This common body of knowledge is the ...
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    Financial planning may not meet all the accepted criteria of traditional professions such as divinity and law, it does, however, fit the post-modernist view of professions characterized by the role played by professional associations. The hallmark of a profession is the presence of a common body of knowledge and it can be claimed that a theoretical body of knowledge for the "financial planning profession" has always existed, although it has only been in recent times that agreement has been reached on a common understanding of the theoretical basis of the financial planning profession. This common body of knowledge is the basis upon which the Financial Planning Standards Board [FPSB] is attempting to develop a global curriculum as part of the certification process for financial planners. The FPSB has developed a curriculum framework to be applied by its affiliate members to ensure consistency in global education standards. A review of Certified Financial Planner (CFP) certification in Australia, China, India and the United States exposes differences in how this is approached. The International Organization for Standardization [ISO] has also emerged as another forum in which global financial planning education standards have been set. Although the FPSB's global financial planning education standards has a high degree of compatibility with the ISO standard, the ISO standard has largely remained as a shelf reference.
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    Journal Title
    Journal of Modern Accounting and Auditing
    Volume
    7
    Issue
    11
    Publisher URI
    http://www.davidpublishing.com/davidpublishing/journals/J2/acc2011/
    Copyright Statement
    © 2011 David Publishing. The attached file is reproduced here in accordance with the copyright policy of the publisher. Please refer to the journal's website for access to the definitive, published version.
    Subject
    Investment and Risk Management
    Accounting, Auditing and Accountability
    Business and Management
    Publication URI
    http://hdl.handle.net/10072/44992
    Collection
    • Journal articles

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