SOA hold-ups still plaguing licensed accountants
Statements of advice that are poorly tailored to accountants or extremely delayed continue to be a significant issue for licensed accountants, according to an advice group.
Merit Wealth accountants services director David Moss said some of the dealer groups providing licensing to accountants don’t have a thorough understanding of the services provided by accountants and don’t have the systems in place to deal with the surge in SOA document requests from SMSF accountants at certain points in the year.