Susan M. Tillery, CPA/PFS, CFP® , Tom Tillery, MA Ed, MSFS, CFP®, CLU®, ChFC®, LUTCF, CRPC®

American Institute of CPA's

Investment Monitoring and Updating

Get up-to-date on the latest standards, including accounting, auditing, preparation and review.

Available format

Online ( 2020 )

Product Description

During the monitoring and updating phase of the investment planning engagement, performance is measured, goal achievements are monitored, and actions and recommendations are updated. More complex than the implementation phase, the monitoring and updating phase has an increased number of variables that must be calculated, validated and tracked. Updated for the Tax Cuts and Jobs Act of 2017, this two-part course examines: Measuring performance and goal achievement Updating the Investment Policy Statement (IPS) Portfolio rebalancing This course also reviews the AICPA personal financial planning standard, which states a personal financial planner may be engaged in tracking progress in achieving established PFP goals or revising an existing personal financial plan, or both. We will also look at the passage of time, which affects all areas of an IPS. Therefore, goals that were once necessary may be eliminated and new goals documented, based on an agreement with the client.

  • Measuring performance and goal achievement
  • Updating the Investment Policy Statement (IPS)
  • Portfolio rebalancing

  • Select the most appropriate recommendation in an investment updating and monitoring engagement, based on a specific set of facts
  • and circumstances.
  • Identify the nominal rate of return for a bond.
  • Calculate the required taxable equivalent yield.
  • Identify the detailed assessment of a client’s assets, liabilities and net worth.
  • Recall the benefits of a tactical allocation strategy.
  • Identify types of macroeconomic indicators.

CPAs and financial planners with basic knowledge of, and interest in, personal financial planning.

$ 79.20



$ 79.20

Credit info

NASBA Field of Study Specialized Knowledge
Availability: 1 year
Level Intermediate
Advanced Prepration None
Delivery Method QAS Self-Study
Course acronym PFP-INV6
Prerequisites Basic knowledge of the areas of personal financial planning (PFP)