What we do

Auditor regulation and oversight helps to ensure the businesses we regulate (known as FMC reporting entities) have access to competent auditors, and these audits (known as FMC audits) are of a high standard. To achieve this, we: 

• review audit quality at the registered audit firms to ensure they meet the Auditing and Assurance Standards.
• monitor accredited bodies to ensure they are effective frontline regulators of auditors.

Who needs to comply

Auditors of issuers and audit firms need to comply. This section also includes information on accredited bodies.

Licensing and registration

Auditors of an issuer need to hold a licence. Audit firms need to be registered.

Fees and levies

Your obligations

Auditors are subject to appropriate scrutiny and accountability. Read here about our monitoring of auditors and the disciplinary process we follow.

Financial reporting

Under the FMC Act 2013 there are financial reporting obligations for FMC reporting entities. 

IFIAR Annual Inspection Findings Survey

The FMA contributes to these surveys. Participating in these surveys enables us to work together on a global level with the largest audit firms to address audit quality review findings. The areas of inspection themes, (see page 9 of the report) are consistent with our Audit Quality Monitoring Report. 

View the latest IFIAR survey results.