Accountants urged to stay away from conflicts of interest in the wake of royal commission
More effective supervision by the Tax Practitioners Board and the professional associations to manage conflicts of interest needs to be considered if the tax profession is to avoid the missteps found by the royal commission.
Law firm Gilbert + Tobin believes the tax profession can take a leaf out of commissioner Kenneth Hayne’s recommendations in his royal commission final report, especially when it comes to managing conflict of interest and duty to client and remuneration arrangements.
Read more at the Accountants Daily.
