A study from Monash University, led by associate professor Vivien Chen, reveals that there were gaps in accountants’ ability to identify and respond to financial abuse, leading to cases where they unwittingly assisted perpetrators of financial abuse.
Interviews with 18 frontline professionals from financial abuse support organisations indicated that a “common concern” raised by frontline workers was the role accountants and advisors played in setting up harmful or coercive arrangements.
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“Accounts from victim survivors suggest that these professionals took instructions primarily from the perpetrator who made financial decisions, and encouraged victim survivors…