Publication Date


Document Type


First Advisor

Norton, Curt

Degree Name

B.S. (Bachelor of Science)

Legacy Department

Department of Accountancy


The recent addition of Personal Financial Planning as an area in the accounting profession has significantly increased the opportunities available to CPA's. Along with this growth, has come many questions dealing with how this field may negatively affect the accounting profession. One of the purposes of this paper is to define Personal Financial Planning and show how CPAs will fit into this field. The second objective deals with presenting and discussing some of the major problems within Personal Financial Planning. The major concern facing the accounting profession focuses on the CPA's independence issue and it deals with such topics as recommendations and the fee structures used within the Personal Financial Planning market. The majority of this paper is supported by secondary sources. The significance of this work has been to better prepare and inform myself and others on the opportunities and concern surrounding this new field of accounting.


20 pages




Northern Illinois University

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In Copyright

Rights Statement 2

NIU theses are protected by copyright. They may be viewed from Huskie Commons for any purpose, but reproduction or distribution in any format is prohibited without the written permission of the authors.

Media Type