Australia’s professional accounting bodies are
calling on standard setters to defer issuing a financial advisory
services standard until after the outcome of government reforms on
the financial planning industry.

In a joint submission to the Australian
Professional and Ethical Standards Boards, the bodies said to avoid
duplication of regulation, the government’s Future of Financial
Advice (FoFA) reforms should be completed before setting a
realistic timeframe for changes to accounting standards.

CPA Australia, the Institute of Chartered
Accountants of Australia and the National Institute of Accountants
issued the advice in a comment document for the proposed APES 230
Financial Advisory Services standard.


How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.