CEFP EXAM QUESTIONS WITH CORRECT ANSWERS

CEFP EXAM QUESTIONS WITH CORRECT
gh gh gh gh




ANSWERS 2025/2026 gh gh




Topic gh1: ghFinancial ghPlanning ghProcess gh- gh...



6 ghstep ghprocess: ghEGADIM gh- gh1. ghEstablish ghRelationship

2. Gather ghInformation

3. Analyze ghdata

4. Develop ghplan

5. Implement

6. Monitor



Step gh1: ghEstablish ghRelationship gh- gh• ghServices ghthat ghwill ghbe ghprovided

• compensation/billing

• Responsibilities ghof ghboth ghclient/planner

• Time ghframe ghof ghrelationship



Step gh2: ghGather ghquantitative ghand ghqualitative ghdata gh- gh• ghIt ghis ghimportant ghthat ghgoals ghbe ghdefined
ghbefore ghany ghrecommendations



• A ghgoal ghshould ghbe ghspecific, ghprioritized ghand ghquantified

• Fact ghfinder ghform



Step gh3: ghAnalyze ghdata gh- gh• ghIdentify ghstrengths ghand ghweaknesses

• Analysis ghof ghcurrent ghposition

• Should ghbe ghbased ghon ghrealistic ghassumptions

, Step gh4: ghDevelop ghPlan gh- gh• ghObjective

• Should ghbe ghpresented ghto ghclient

• Mutually ghdecide ghon ghrevisions

• Prioritized ghlist ghof ghimplementation ghsteps ghand ghtiming



Step gh5: ghImplement gh- gh• ghWork ghclosely ghwith ghother ghprofessional ghteam ghmembers

• Help ghclient ghwith ghproduct ghacquisitions



Step gh6: ghMonitor gh- gh• ghFed ghtax ghchanges

• Economic ghchanges

• Modifications ghto ghplan



Topic gh2: ghCode ghof ghEthics gh& ghProfessional ghResponsibility gh+ ghDisciplinary ghRules ghProcedures gh- gh...



Aspirational ghPrinciples gh- gh• ghIntegrity

• Objectivity

• Competence

• Fairness

• Confidentiality

• Professionalism

• Diligence



Confidential ghInformation ghcan ghbe ghdisclosed ghonly ghwhen... gh- gh• ghThe ghclient ghconsents

• Court ghordered

• CFP ghmust ghdefend ghaccusations

• Civil ghsuit ghbetween ghclient ghand ghCFP