Accounting firms facing roadblocks with full AFSLs
A number of accounting firms are hitting obstacles when applying for AFS licences as they’re struggling to find a suitable responsible manager to put forward, according to one consulting firm. The Fold Legal head of licensing Sónia Cruz said one of the key issues the firm is seeing around licensing in the SMSF space at the moment is accounting businesses wanting to apply for an AFS licence but not having anyone in the business that they can put forward as a responsible manager.