Gap between ‘big four’ auditors and the rest perception not reality, NZICA says

Sun, 15 Dec 2013

By Paul McBeth Dec. 16 (BusinessDesk) - Any gap in quality between the ‘big four’ four audit firms and their smaller rivals is perception rather than reality, according to the New Zealand Institute of Chartered Accountants, which says the industry is in line with international experience operating under a new regulatory regime. The Financial Markets Authority’s first audit quality review report found the majority of firms required significant improvements to comply with the auditing and assurance standards, saying there appeared to be a maj...

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