Review of financial planning standard



April 5, 2017

The Accounting Professional and Ethical Standards Board (APESB) is now undertaking a
post-implementation review of APES 230, the standard which covers accountants providing
financial planning services.
APES 230 was issued in 2013 and commenced with effect from 1 July 2014. The provisions
relating to professional fees and third party payments came into effect a year later.
The post implementation review aims to ensure the standard remains relevant in the midst of
industry change. The Board is seeking feedback from stakeholders and the community about
their experience in implementing APES 230 and any comments relating to the changed
environment that may impact on the standard.
“The Board is conducting the review now, given the passage of time since the standard was
issued as well as recent significant developments in the financial services landscape in
Australia,” The Honourable Nicola Roxon, APESB Chair, said.
Comments on the Consultation Paper: Post-Implementation Review of APES 230 Financial
Planning Services are requested by 30 June 2017.
The consultation paper is available on the APESB website

SOURCE: Accounting Professional and Ethical Standards Board

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