Equipping professional accountants for sustainability
The International Federation of Accountants has developed a concise resource to guide accounting professionals and...
READ MOREExtra costs for disciplinary body could be ‘substantial’
An adviser association has warned that costs charged to the industry by ASIC could blow out even further under proposed legislation for the single disciplinary body, which would be tasked with investigating even the most minor of breaches.
AFA acting chief executive Phil Anderson told ifa the disciplinary system proposed by the government under its draft legislation released last month would see ASIC required to convene its Financial Services and Credit Panel (FSCP) for all levels of breach of an adviser’s legal obligations or the FASEA standards.
Read more at Independent Financial Adviser
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