The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – has issued a public warning to Mr Allan Facey, a Sydney-based auditor, regarding his conduct as the Engagement Quality Control Reviewer (EQR) for the audit of Alliant Perpetual.
The decision stems from the audit of former FMC reporting entity Alliant Perpetual’s financial statements for the year ended 31 January 2022. Mr Sam Danieli, a Sydney based auditor, conducted the audit and Mr Facey was the EQR.
The FMA is satisfied there was insufficient evidence to demonstrate that, at the time the auditor’s report was dated, Mr Facey had performed an objective evaluation of the significant judgements made by the engagement team and the conclusions reached in formulating the auditor’s report. Audit work recorded by Mr Facey five months after the auditor’s report was dated did not assist in establishing compliance with auditing and assurance standards.
January 2025
The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – has issued a public warning to Mr Allan Facey, a Sydney-based auditor, regarding his conduct as the Engagement Quality Control Reviewer (EQR) for the audit of Alliant Perpetual.
