Have you been asked by your client to provide an accountant’s letter to a financier to help them secure a new loan or mortgage? Are you unsure how you should respond, the risks and where you stand legally? This episode of Small Firm, Big Impact takes you through the latest guidance from Chartered Accountants ANZ. It explores the legal implications for accountants of financing letters, why it’s recommended members exercise a high degree of caution, and the importance of sticking to the facts. Plus, we take you through what CA ANZ is telling lenders about accountant’s financing letters. Chartered Accountants ANZ General Manager – Professional Standards Kristen Wydell FCA joins CA ANZ Public Affairs Manager – Australia, Gillian Bowen to explain.
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