Peak Accounting Bodies Probed on How They Regulate Members Who Pay Their Fees

Professional accounting bodies were questioned about their operating model of monitoring members’ conduct while representing their interests.

Australian currency and a wages envelope on the Gold Coast, Australia, on Feb. 22, 2018. AAP Image/Dave Hunt

An Australian parliamentary inquiry has raised serious concerns over the potential conflicts of interest within professional accounting bodies.

The inquiry, led by Greens Senator Barbara Pocock, calls into question the integrity of these bodies, particularly regarding their dual roles.