A person who acts as the auditor in respect of an issuer audit must hold a licence. Audit firms must be registered.
Key dates for licensing and registration are:
|1 May 2012||Registration for transitional licences opens for New Zealand and overseas auditors
Transitional registration begins for New Zealand audit firms
|26 June 2012||Last day to register for transitional licence/registration|
|1 July 2012||Auditor Regulation Act 2011 comes fully into force. Only licensed auditors /registered audit firms may conduct issuer audits.
FMA and accredited bodies can issue standard auditor licences and approve audit firm registrations
|1 May 2014||Transitional provisions end.|
Transitional licence registration has now closed.
New Zealand based auditors need to apply for a standard licence from an accredited body they are a member of.
CPA Australia and NZICA are currently the only accredited bodies.
Contact NZICA for further details of how to apply for a standard licence.
Contact CPA Australia for further details of how to apply for a standard licence.
Transitional registration has now closed.
New Zealand audit firms are registered on the Auditors Register held at the Companies Office following approval by an accredited body.
Contact NZICA for further details of how to apply for firm registration.
Transitional licensing has now closed.
Overseas auditors need to apply to FMA for a standard licence.
See how to obtain a standard licence.
Overseas audit firms are registered with the Auditors Register held at the New Zealand Companies Office following approval by FMA.
See how to apply for registration.
Prescribed minimum standards
Sections 3(e) of the Auditor Regulation Act (Prescribed Minimum Standards and Conditions for Licensed auditors and Registered Firms) Notice 2012 requires that an auditor applying to be licensed as an auditor after 30 June 2014, must have successfully completed a professional course in auditing approved by FMA. FMA has approved the following professional courses in auditing.