Media Advisory
MR No. 2022 – 46
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has published its annual accredited body reports for CPA Australia and the New Zealand Institute of Chartered Accountants (NZICA).
The reports contain the findings of the FMA’s monitoring assessments of NZICA and CPA Australia for the period 1 July 2021 to 30 June 2022. The FMA did not have specific concerns relating to NZICA’s or CPA Australia’s compliance during the review period.
It is one of the FMA’s strategic priorities to ensure that frontline regulators such as NZICA and CPA Australia are effective in their role. The Auditor Regulation Act 2011 requires the FMA to monitor and ensure the audit regulatory systems and processes used by accredited bodies are adequate and effective.
ENDS
Media contacts:
Andrew Park
FMA Media Relations Manager
[email protected]
021 220 6770
Campbell Gibson
FMA Senior Adviser, Media Relations
[email protected]
021 945 323
NOTE: The New Zealand Institute of Chartered Accountants (NZICA) and the Institute of Chartered Accountants of Australia (ICAA) formally amalgamated on 1 January 2015 to form Chartered Accountants Australia and New Zealand (CAANZ). However, NZICA continues to regulate the accountancy profession for members who remain resident in New Zealand. For the purpose of the audit oversight regime, NZICA is the accredited body, and therefore the subject of the FMA’s annual review.
