Comment on the following statement regarding whether you agree with it and why. Accountants make fees from...

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Finance

Comment on the following statement regarding whether you agreewith it and why.
Accountants make fees from helping to administer an SMSF.Consequently, an accountant providing advice has a potentialconflict of interest. That is, the advice is not independent – andthis exposes the client to risk.

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SMSF Self Managed Super Funds Role of accountants in helping to administer an SMSF Fund Accounting services Fund Administrative services Fund Advisory services Fund Audit services Fund Accounting Services These services include preparation of Financial statements using the knowledge of Accounting standards applicable to SMSFs these service See Answer

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Comment on the following statement regarding whether you agreewith it and why.Accountants make fees from helping to administer an SMSF.Consequently, an accountant providing advice has a potentialconflict of interest. That is, the advice is not independent – andthis exposes the client to risk.