Smaller accounting firms say the current regulatory regime is useless and riven by conflicts of interest between the major professional bodies and the larger firms.
The larger firms counter the system is working well, revealing a split as parliament considers an overhaul of the overlapping system of government and self-regulation following the PwC tax leaks scandal.
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Edmund Tadros leads our coverage of the professional services sector. He is based in our Sydney newsroom. Connect with Edmund on Twitter. Email Edmund at edmundtadros@afr.com.au
