Home
/
Posts
/
News
/
Accountants increasingly exposed to bad debts, says insolvency regulator

Accountants increasingly exposed to bad debts, says insolvency regulator

Accounting firms are increasingly at risk of being owed bad debts by business clients who go under, the Australian personal insolvency regulator has found.

by Shared by Accountants Daily | Oct 14, 2020

accountants must become more relevant to their SME clients

The Australian Financial Security Authority (AFSA) has marked accountants as one of six common businesses that are highly exposed to trade credit debt, with new statistics revealing that such debts are now almost on par with bank debt.