Accounting Body Complains Of Excessive Advice Regulation

This week CPA Australia released a report called ‘The impact of complex regulatory reform’ which criticised the regulatory framework around financial advice as “convoluted” and “excessively layered”. On release of the report, financial advisers around the country muttered ‘welcome to our world’ and wondered whether the CPA criticism would help lead to ‘better’ regulation across the whole industry – or just to carve outs for accountants.