Director and Board Guide to Quality Audit and Assurance Practices

This guide is aimed at directors of FMC reporting entities. It sets out how you, as a director, can contribute to high quality audits and assurance, as well as what you can expect from the FMA and your auditor.

Investor confidence is a key part of maintaining participation in successful financial markets. This confidence depends partly on investors having access to credible and reliable financial information. Audits of FMC reporting entities’ financial statements ensure this information complies with financial reporting standards and gives a true and fair view of the financial position of the business.

This updated guide highlights the important role directors play in audit oversight, including selecting and assessing auditors, maintaining auditor independence, and taking an active role in understanding risks and addressing issues throughout the audit process.

Download the Director and Board Guide to Quality Audit and Assurance Practices [594KB]