The Swiss Government has announced its recognition of the New Zealand audit oversight regime as equivalent to the Swiss standards, permitting NZ-regulated auditors to operate in Switzerland.
With this announcement, the Swiss Government has concluded that the New Zealand systems of public oversight, quality assurance, investigation and penalties for auditors and audit firms are equivalent of those in Switzerland. Recognition by Swiss Government follows the recognition of our audit oversight regime by the European Commission and FMA’s acceptance into the International Forum of Independent Audit Regulators (IFIAR). It comes into effect from 1 October 2017.
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