Auditing the Auditors: We’ve been underpaying for auditors in NZ – CAANZ assurance leader

NZSA's Oliver Mander says good audits are an insurance policy for investors. (Image: NZME)

Wed, 18 Dec 2024

A good audit works as an insurance policy for investors, NZ Shareholders’ Association chief executive Oliver Mander says.Discussing the double-digit rise in audit fees for the NZX50 this year, Mander said: “Shareholders should still see audit costs as a good cost for them. That's part of the sort of wider insurance that they receive as investors in public markets that provides some surety around what their investment is doing.”Mander said there was an inherent tension between directors and shareholders. “It'...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Already a Subscriber ? Sign in here.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Markets Market Close

Hallenstein stars as NZ stocks drift lower

The S&P/NZX 50 Index was 42.06 points or 0.32% lower at 13,111.73.

Jamie Gray 26 Sep 2025

Markets

Trump to slap new tariffs on pharma

Levies on drugs will be imposed on companies that aren’t building plants in the US.

The Wall Street Journal 26 Sep 2025

Infrastructure

Billions in play: Major projects await pre-Christmas go-ahead

Minister Chris Bishop expects eight more fast-track approval decisions before Christmas.

Garth Bray 26 Sep 2025

Billions in play: Major projects await pre-Christmas go-ahead

Sponsored

AI agents: opportunity or graveyard? Spark’s five-point playbook for success

Artificial intelligence agents – autonomous digital entities that analyse data, automate decisions, and act independently – are set to drive a new wave of business transformation.

Spark Enterprise

Sponsored