Audit Quality Monitoring Report
The Audit Quality Monitoring Report 2023 emphasises that high-quality audits are vital to ensuring investors can make active choices based on clear, concise, and effective information.
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The Audit Quality Monitoring Report 2023 emphasises that high-quality audits are vital to ensuring investors can make active choices based on clear, concise, and effective information.
This report provides observations and key findings from our research into the effectiveness of Aotearoa New Zealand’s domestic fire and general insurers’ claims processes during the NIWE, which took place in early 2023. Overall, insurers demonstrated that they have incorporated learnings from previous significant events and are working to further adapt their processes to improve the claims experience for consumers.
This report provides key insights from reviews of 70 climate statements for reporting periods ending in December 2023, January 2024, and March 2024. It evaluates compliance with New Zealand's Climate Standards and the Financial Markets Conduct Act, offering feedback to improve future disclosures. The report highlights areas for improvement, such as balancing information disclosure, presenting fair and coherent disclosures, and explaining climate-related risks and opportunities. It encourages Climate Reporting Entities (CREs) to enhance the quality of their climate statements and provides guidance on scenario analysis and GHG emissions targets.