- Presentations
- Practice Management, Regulators
National Conference 2025
As the lines between accounting, legal, and financial advice become increasingly blurred, it’s essential to understand where your professional role begins and ends. This session explores the demarcation of roles across accountants, advisers, and legal professionals, referencing cases which serve as a clear warning of the risks of providing services without the appropriate qualifications.
Attendees learnt how to collaborate effectively with a trusted network of professionals while staying within the scope of their expertise, ensuring compliance with professional standards and safeguarding against potential legal and financial liabilities. Peter refers to case studies to demonstrate how actions, even if taken with good intentions, can breach professional boundaries and potentially even cross over, into tax scheme promoter territory.
By watching this session, you will be able to:
- Understand the boundaries between accounting, legal, and financial advice, and recognise when actions may breach professional standards.
- Learn how to collaborate effectively with other professionals to stay within your scope of expertise and mitigate risks.
- Gain insights from case studies on how to avoid crossing professional boundaries and protect your professional indemnity insurance coverage.
The contents of this resource are taken to be correct at the time of publication.
Disclaimer: Technical Papers contain factual information only and are prepared without considering particular objectives, financial circumstances and needs. The information provided is not a substitute for legal, tax and financial product advice. The information contained in this document does not constitute advice given by the SMSF Association to you. If you rely on this information yourself or to provide advice to other persons, then you do so at your own risk. The SMSF Association is not licensed to provide financial product advice, legal advice or taxation advice. We recommend that you seek appropriate professional advice before relying upon the information in this technical paper. While the SMSF Association believes that the information provided is accurate, no warranty is given as to its accuracy and persons who rely on this information do so at their own risk. The information provided in this paper is not considered financial advice for the purposes of the Corporations Act 2001. © SMSF Association