‘Extremely risky’ bank request on the rise, accountants warned

Accountants are increasingly being pressured to provide capacity to repay statements, as real estate agents and landlords join the banks in shifting credit assessment risk amid a booming property market.

by Shared by Accountants Daily | 20 Apr, 2021

ATO plays down myGovID security concerns

The practice of banks asking accountants to sign off on a client’s ability to repay a loan has been a cyclical issue for the profession, but the trend has now extended to real estate agents and landlords who are flocking to accountants to shore up rental applications.