Chartered Accountants confirm FASEA approach
Chartered Accountants Australia and New Zealand has admitted advocating to the Financial Adviser Standards and Ethics Authority (FASEA) for the educational and ethical standards required of Chartered Accountants to be recognised.
The CA ANZ made clear its position in a pre-Budget submission which has also argued that the final report of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry represents an incredible opportunity for reform.
On the question of FASEA the submission said that Government and regulators need to foster a new sense of professionalism in the financial planning sector on the wake of the revelation at the Royal Commission.
“This stance is reflected in our recent dealings with the FASEA where CA ANZ has advocated for the educational and ethical standards required of Chartered Accountants to be recognised,” the submission said.
However, it also suggests that the final report “deserves careful scrutiny and a well-considered response, not a political bunfight”.
“The Federal Budget provides the ideal platform for such a response to be unveiled by the Treasurer,” the CA ANZ submission said.
Recommended for you
Equity offerings should be “seriously considered” by advice firms if they want to attract experienced advisers with the option viewed as a major differentiator for candidates seeking their next role.
DASH Technology Group has enacted two internal promotions, appointing a chief risk officer and chief commercial officer to strengthen the firm’s governance and operational capabilities.
The Stockbrokers and Investment Advisers Association has announced the appointment of its new chief executive following the exit of Judith Fox after six years.
Insignia Financial has appointed an experienced financial advice leader as head of education and advice on its Master Trust business, who joins from Ignition Advice,
