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The CPD requirements proposed by FASEA will promote quantity over quality when it comes to education, according to one licensing consultant, and fears are growing that the new standards will force quality SMSF professionals out of the industry.
Commenting on FASEA’s proposals for ongoing education requirements for advisers, Licensing for Accountants chief executive Kath Bowler said the number of hours designated for each knowledge or skills area is inflexible and “out of touch with reality”.
Read the full article at SMSF Adviser.