FMA has an obligation to publish an auditor regulation and oversight plan by 30 June each year, for a three year period, setting out our intentions for the regulation and oversight of auditors under the Act. This plan will help licensed auditors, registered audit firms and accredited bodies to understand how FMA will approach auditor regulation. It may also be of interest to issuers, investors and their advisers.
This report is for auditors; people who prepare financial statements and directors of FMC reporting entities.
Auditor regulation supports the quality and integrity of audits of FMC reporting entities. By ensuring a high standard of auditing we aim to increase investor confidence in the quality of the audited financial statements of FMC reporting entities and give wider recognition to the professional status of New Zealand auditors in overseas jurisdictions.
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