ASIC reveals details of accountant, adviser swoop
ASIC has conducted hundreds of audits and surveys in an effort to catch out accountants and advisers failing on best interests duty, with the results of the shadow shopping investigation set to be released in early 2018.
As announced earlier this year, ASIC has been conducting a major shadow shopping exercise to test the legal compliance of advisers and accountants, with the report now slated to be released in the first quarter of 2018.
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