FMA confident in auditors despite covid challenges

Fri, 13 Nov 2020

The Financial Markets Authority says it's comfortable with its sampling of audit reports and expects robust checks to continue despite covid-19 challenges. The key findings from this year’s report are that while 35 percent of firms sampled had non-compliant files, the number of adverse findings fell. A finding of non-compliance by the FMA doesn’t necessarily mean a file reviewed doesn’t paint a true and fair view of the company.The FMA audit review for the 12 months to June sampled just 20 audit files, down from 27 t...

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