CPWA EXAM WITH 100% CORRECT ANSWERS

CPWA EXAM WITH 100% CORRECT ANSWERS
Question : Fiduciary Standard
CORRECT ANSWER: A legal standard that holds a
licensee to the highest ethical standards that the law provides.
Question : Compensation Disclosure
CORRECT ANSWER: Institute professionals required to
"disclose services to be offered and provided, related
charges, and compensation."
This principle is intended to define an Institute professional's
communication responsibilities relating to the scope and cost
of services offered and compensation received therefor.
Principle 2 requires that Institute professionals conform with
legal, regulatory, and firm requirements concerning the
disclosure of the services offered, compensation received,
and the out-of-pocket costs associated with those services.
Disclosure contemplates either oral or written provision of
information. Although not required, oral disclosures should,
under best practices, be confirmed in a timely manner in
writing to demonstrate compliance.
Question : Conflict of Interest Rules
CORRECT ANSWER: Institute professionals required to:
(1) "disclose the existence of actual, potential, and/or

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