From www.accountantsdaily.com.au: CA ANZ has received approval from the Professional Standards Council for its new Professional Standards Scheme, which has been in place since 1997.

This scheme aims to ensure consumer protection through high professional standards and mandatory professional indemnity insurance for its members in public practice.

All members will be required to adhere to the scheme, which includes displaying disclaimers on all client-facing documents, with penalties for non-compliance.