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Unpopular accountants' licence tipped for chopping block

In light of the minimal take-up of limited licences and vast implementation issues, one consultancy firm has predicted they may be completely abolished by ASIC.

Unpopular accountants' licence tipped for chopping block
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Mayflower Consulting director Sarah Penn says there has been minimal interest in limited licensing by accounting firms, and among the accountants who did apply for a licence there is still widespread confusion as to what exactly constitutes financial advice and when a statement of advice is required.

Read the full article on Accountants Daily.

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