CAANZ has uploaded a useful summary of the findings of the Banking Royal Commission and in particular the impact the findings have on the accounting profession, so many of whom act as financial advisers and tax advisers.
As CAANZ put it, "Commissioner Hayne's responses to the issues are informed by the underlying principles he identified in the Interim Report, which reflect six norms of conduct:
As many of the matters we have been involved in have involved interests in schemes that have been aggressively sold by financial advisers to members of their local community who trusted them, we welcome this renewed focus on ethics and transparent charging for advice.
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Chris and Stephanie act as consultants and experts (“clean” and “dirty” experts) in the context of dispute resolution on a variety of financial reporting and audit issues.
Westworth Kemp Consultants can provide support to businesses, professional practices and regulators seeking to implement systems designed to foster compliance
Independent advice on the interpretation of auditing (or assurance) and accounting (or financial reporting) standards can be hard to find.