Auditing the Auditors: PwC retains largest market share

Auditing the Auditors: PwC retains largest market share
Former KPMG boss Ross Buckley. (Image: NZME)
Murray Jones
PwC has maintained its largest auditor market share on the NZX50 as fees steadily advanced.BusinessDesk analysis of the most recent disclosures from the nation’s 50 largest publicly listed companies has revealed that $39.5 million was spent on auditors' fees, an 8% increase on the previous year.Including other assurance services and taxation advice, the big four, representing the NZX50 index entirely, took $48.8m – a 13% rise. PwC charged $14.2m in audit fees in the past year, 36% of the total, proportional to the 18 compan...

More Finance

Payments NZ could play key role in open banking standards
Finance

Payments NZ could play key role in open banking standards

A draft decision proposes an 18-month approval, rather than the five years requested.

Ben Moore 01 Jul 2024
Singapore becomes hot spot for M&A bankers hunting Asia deals
Finance

Singapore becomes hot spot for M&A bankers hunting Asia deals

The island is a magnet for parties interested in mergers and acquisitions.

Bloomberg 28 Jun 2024
Medicine working but business confidence continues to fall
Finance

Medicine working but business confidence continues to fall

Confidence in retail and construction rose, while other sectors were more downbeat.

Tom Raynel 27 Jun 2024
Shareholders association opposes Geneva Finance delisting
Finance

Shareholders association opposes Geneva Finance delisting

Company says it will exceed USX governance rules.

Jem Traylen 26 Jun 2024