FMA stresses directors' role in ensuring audit quality

Thu, 23 Nov 2017

By Sophie Boot Nov. 23 (BusinessDesk) - The Financial Markets Authority says the quality of audits in New Zealand is improving, although it wants more engagement from the business community. In its audit quality monitoring report, released today, the regulator reviewed 27 audit files from seven registered audit firms. It said the majority of audit firms have successfully implemented plans to address findings from previous reviews, but it is still seeing inconsistencies in the quality of individual audits. The review found that 20 perce...

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