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Accountants to decline ‘capacity to repay’ requests

Several accountancy associations have advised members to decline requests to provide “capacity to repay” certificates, flagging compliance concerns.

Accountants to decline ‘capacity to repay’ requests
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The leaders of CPA Australia, the Institute of Public Accountants (IPA), and the Chartered Accountants Australia and New Zealand (CA ANZ) are advising their 240,000 members not to complete requests for “capacity to repay certificates – citing concerns that some lenders may be relying on these certificates for serviceability purposes.

Read more at The Adviser

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