This article discusses the poor business practices within mortgage broking and financial planning industries that triggered the banking royal commission. It also highlights the recommendations made by the commission to the financial planning and mortgage broking industries. The impact of the commission on accounting firms who provide financial planning and mortgage broking services is also discussed.

Assessment 2 - Assignment Marking Rubrics Part 2 Individual Research Assignment

Prepare a research plan and evaluate the information sources to be used in Part 2. Write a report based on the assignment details noted below.

The article covers the banking royal commission's findings on poor practices in mortgage broking and financial planning, its recommendations, and impact on accounting firms.

Banking Royal Commission and Poor Business Practices in Financial Planning and Mortgage Broking Industries

Hartpury University and Hartpury College

Finance

Impact of Royal Commission on Accountants Report 2022

Evidence

Leadership Management

Accounting Theory Report 2022

The Banking Royal Commission was established in response to public pressure to investigate misconduct by Australian banks. The commission identified areas of concern such as forged documents, charging bribes, and failure to identify living expenses of consumers. The commission also found that many bankers lied to regulators and charged fees to dead clients. The commission issued warnings and identified penalties for banks involved in misconduct. The impact on consumers included remediation payments for home loans, car loans, credit cards, and add-on insurance.

Banking Royal Commission: Areas of Concern, Impact on Consumers, and Reaction

This report analyzes the ethical misconduct of a company in the banking and financial sector and discusses the recommendations and findings of the Banking Royal Commission. It also explores the importance of accounting and reporting for ethical business conduct.

Political Science

The Role of Accounting in Society

This critical review involves the analysis of the Royal Commission into the banking industry of Australia, focusing on the Commonwealth Bank of Australia (CBA). It highlights the wrongdoings of CBA and suggests various theories to end such activities in the future. The review also recommends some marketing strategies for the betterment of the publicity and market image of CBA.

Marketing System: Critical Review of Commonwealth Bank of Australia

This article explores the ethical issues in the Royal Commission report on Freedom Insurance and discusses the concept of utilitarianism. It highlights how the company pursued profits at the expense of customer interests, violating the principles of utilitarianism. The article also discusses the recommendations for promoting corporate governance and ethics in the banking sector. Find study material and assignments on ethics and governance at Desklib.

Banking Royal Commission and Poor Business Practices in Financial Planning and Mortgage Broking Industries

Impact of Royal Commission on Accountants Report 2022lg...

Accounting Theory Report 2022lg...

Banking Royal Commission: Areas of Concern, Impact on Consumers, and Reactionlg...

The Role of Accounting in Societylg...

Marketing System: Critical Review of Commonwealth Bank of Australialg...

Ethics and Governancelg...

Impact of Royal Commission on Accountants Report 2022

Accounting Theory Report 2022

Banking Royal Commission: Areas of Concern, Impact on Consumers, and Reaction

The Role of Accounting in Society

Marketing System: Critical Review of Commonwealth Bank of Australia

Ethics and Governance