What is the direct impact on accounting firms who provide financial planning and/or mortgage broking advice and what is the indirect impact on all accountants?

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter2: Financial Reporting: Its Conceptual Framework
Section: Chapter Questions
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What is the direct impact on accounting firms who provide financial planning and/or mortgage broking advice and what is the indirect impact on all accountants?

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Direct impact on accounting firms who provide financial planning and/or mortgage broking advice:

Accountant have various options available to them. The standard career options available to them financial accountant and tax accountant. Accountants can be investigating accountants or may be cost accountants which helps businesses in determining cost drivers for the business. Accounting firms which are providing financial planning and mortgage broking advices , this will allow firms to obtain more business by diversifying their portfolio. These firms will have more experience in the area of financial planning and mortgage broking services and they can meet demands of more clients.

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