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Accountants not lagging on licensing, trainer argues

One education provider has hit back at claims the accounting industry has failed to take adequate action on licensing, saying there has been a high take-up of courses for both limited and full financial advice in the past two years.

Professional Development Miranda Brownlee 12 September 2016
— 1 minute read

Kaplan Professional chief executive Brian Knight says while there has been a low take-up of limited licences, the number of accountants completing training to become authorised representatives has been considerably higher.

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“The numbers of [accountants] were very big for us in the last six months of 2015 and the first three months of this year,” he told AccountantsDaily’s sister publication SMSF Adviser.

Mr Knight said the number of accountants completing courses to provide full financial advice is equal to the number of accountants undertaking courses for limited advice.

“What we’ve tended to find is that the early adopters have tended to do the full financial advice program,” he said.

Accountants undertaking training in the past year, however, have instead chosen to complete courses for limited financial advice.

Mr Knight added that accountants have excelled in the financial advice courses, particularly across its more intensive programs, with pass rates "extremely high”.

The take-up of RG 146 courses has been highest among younger accountants who already have experience of traditional accounting disciplines in degrees such as economics, finance and business.

 

Accountants not lagging on licensing, trainer argues
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Miranda Brownlee

Miranda Brownlee

Miranda Brownlee is the deputy editor of SMSF Adviser, which is the leading source of news, strategy and educational content for professionals working in the SMSF sector.

Since joining the team in 2014, Miranda has been responsible for breaking some of the biggest superannuation stories in Australia and has reported extensively on technical strategy and legislative updates. Miranda has also directed SMSF Adviser's print publication for several years.

Miranda also has broad business and financial services reporting experience, having written for titles including Investor Daily, ifa and Accountants Daily.

Professional Development