FASEA on the right track…with a few steps yet to go!
20th March 2018
AccountantsIQ welcomes the news that a ‘related degree’ now includes accounting
AccountantsIQ welcomes today’s announcement from FASEA that, for the purposes of the new proposed education requirements for financial advisers, a ‘related degree’ now includes degrees in ‘related disciplinary fields’ such as accounting.
AccountantsIQ Founding Director, Bronny Speed, believes that FASEA has further room to move to recognise and give credit for those who have ‘qualified’ as a Chartered Accountant (CA), Certified Practising Accountant (CPA) and/or Certified Financial Planner (CFP). She is also of the view that industry experience with RG146 accreditation and documented ongoing CPD should also be further acknowledged.
AccountantsIQ supports FASEA’s desire to eliminate those practitioners from our industry who provide the community with poor advice and cause reputational damage to those who act in the client’s best interest. As such, we do not anticipate that the new Code of Ethics requirements announced by FASEA, present any problems for AccountantsIQ’s clients or most of the broader advice community.
AccountantsIQ is working closely with its own clients, as well as other key advice related associations to ensure there is consistency in the messaging to FASEA throughout the consultation period which is due to close on 29th June 2018.
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