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How is the Financial Standards Council different from the Financial Planners Standards council?
Wiki User
∙ 14y ago
The Financial Planners Standards Council (FPSC) is the porganizaiton which gives most financial planners their accredidation. The Financial Standards Council (FSC) is a consumer support serivce that reports on the business dealings of financial services (not just Financial planners) in the marketplace. Below are the websites of each organziation: Financial Planners Standards Council www.FPSCCanada.org Financial Standards council www.FinancialStandardsCouncil.com
Wiki User
∙ 14y ago
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What is the difference between the Financial Planners Standards council and the financial standards council?
The Financial Planners Standards Council (FPSC) is an organization that grants accreditation to financial planners. The Financial Standards Council (FSC) is an organization that provides consumers with information about a variety of financial services. It operates more like a Better Business Bureau and it is not confined to just financial planners. A person can get information on all kinds of different financial services. The websites for the two are: Financial Planners Standards Council www.FPSCCanada.org Financial Standards Council www.FinancialStandardsCouncil.com
What type of license is required to be a financial planner?
Currently, there is no special licensing requirement to become a financial planner. However, many financial planners earn a certified financial planning (CFP) or chartered financial consultant (ChFC) designation. To become a reputable financial planner in the US, you need to have a CFP Certification conferred by the Certified Financial Planner Board of Standards, Inc. (CFP Board), Financial Planners Standards Council in Canada, etc. depending on the country.
How do you find a good mortgage broker?
A great first step is to go the Financial Standards Council and look through their list of council members. To be a council member mortgage brokers (and other financial services) commit to a high level of ethical standards. With the help of the council you can also check out those in your area conducting business. They operate much liek a Better Business Bureau so you can see who people are before investing your time and money. Their website is www.FinancialStandardsCouncil.com The Financial Standards Council will also allow you to consider different products that different companies have access to. You may find that some mortgage brokers have better products. Not all brokers offer the same things. I also advise ask your friends and family about those that they have had good experiences with.
How do you find a good Insurance company?
One of the best places to go for a non-biast view of what insurance products are available in your area is to go to the Financial Standards council. They provide free reports on a wide variety of financial services. (Everything from Insurance, financial planners, mortgage brokers and even accountants.) It is a great site that allows you to see what experiences other consumers have had with these companies and also gives you an opportunity to become educated on the different kinds of products avialable to you as a a consumer.
What is frs and ifrs?
FRS - Financial Reporting StandardsIn UK, the chief standard-setter for financial accounting is the Accounting Standards Board (ASB), which issues standards called Financial Reporting Standards (FRSs). The ASB is part of the Financial Reporting Council, an independent regulator funded by a levy on listed companies.IFRS - International Financial Reporting StandardsInternational Financial Reporting Standards (IFRS) are standards and interpretations adopted by the International Accounting Standards Board (IASB). This is used extensively in EU and there are efforts being made to converge accounting standards globally to IFRS.
How can you find a good bank?
One of the best places to go for a non-biast view of what banking products are available in your area is to go to the Financial Standards council. They provide free reports on a wide variety of financial services. (Everything from Insurance, financial planners, mortgage brokers and even accountants.) It is a great site that allows you to see what experiences other consumers have had with these companies and also gives you an opportunity to become educated on the different kinds of products avialable to you as a a consumer. You can find their website at www.FinancialStandardsCouncil.com
What authority for compliance with GAAP has existed throughout the period of standard settings?
The Financial Accounting Foundation (FAF) is the private-sector organization with responsibility for the oversight, administration, and finances of the Financial Accounting Standards Board (FASB), the Governmental Accounting Standards Board (GASB), and their advisory councils, the Financial Accounting Standards Advisory Council (FASAC) and the Governmental Accounting Standards Advisory Council (GASAC). The FAF selects the members of the standard-setting Boards and Councils, and protects the independence of the Boards.
What does the Better Business Bureau support?
The Better Business Bureau tends to support consumers looking at main stream business. There are many such organizations that can help with main stream business and specialty businesses or industries. For example, The Financial Standards Council (www.FinancialStandardsCouncil.com ) is like the better Business Bureau but focuses directly on organizations within the financial services world. While financial services agents may have to achieve a level of accreditation to be operating within the system, people like the FSC (Financial Standards Council) help to ensure that they are operating at a high level of integrity and ethics. It would be wise to be cautious when dealing with Financial Services that are not members of the Financial Standards council.
When was Canadian Broadcast Standards Council created?
Canadian Broadcast Standards Council was created in 1990.
When was Advertising Standards Council of India created?
Advertising Standards Council of India was created in 1985.
WHAT AR three south African bodies that were instrumental in aligning south African financial reporting standards with the rest of the world and why was it necessary to bring about this alignment in T?
1. SAICA 2. Financial Reporting Standards Council 3.Department of Trade and Industry
When was Financial Reporting Council created?
Financial Reporting Council was created in 1990.
