The New Zealand Institute of Chartered
Accountants has introduced a new Financial Advisory Engagement
Standard (FAES) that will be effective on 1 July.
The FAES introduces mandatory requirements
covering all aspects of the provision of financial advice, from
engagement acceptance to communication and, if applicable,
implementation of advice.
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The FAES applies to all members of the
institute who provide financial advice, whether or not they hold a
certificate of public practice.
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