Under fire accountants defend misconduct charges

Under fire accountants defend misconduct charges
Victoria Young
Two accountants appearing before their profession’s disciplinary tribunal say forecasting is inherently an uncertain practise and are attacking expert witnesses as part of their defence.The pair are facing negligence charges before the New Zealand Institute of Chartered Accountants Disciplinary Tribunal relating to the audit of two NZX-listed firms.The accounting body's Professional Conduct Committee makes allegations of negligence and bringing the profession into disrepute against one member, who was the key engagement partner on the...

More Law & Regulation

Agribusiness NCEA removal will 'impact economy'
Law & Regulation

Agribusiness NCEA removal will 'impact economy'

Meanwhile, accountants are pleased at the reinstatement of the subject at Level 1.

Auckland housing project withdrawn from fast-track
Policy

Auckland housing project withdrawn from fast-track

The developer plans to lodge a fresh application after draft decline.

ANZ agrees to record A$240m fine for widespread misconduct
Markets

ANZ agrees to record A$240m fine for widespread misconduct

ANZ has agreed to pay the largest penalty its Australian regulator has ever issued an entity in one go, due to failings in the bank’s dealings with both the Government and its retail customers.ANZ and the Australian Securities and Investments Commission (ASIC) will ask the Federa...

Staff reporters 15 Sep 2025
Two more Smiths City stores close as liquidation sale winds up, massive discounts
Retail

Two more Smiths City stores close as liquidation sale winds up, massive discounts

Embattled retailer Smiths City has closed two more stores as its fire sale draws winds up this weekend.Administrators Colin Gower and Diana Matchett of BDO Christchurch on Friday said staff numbers will significantly reduce from next week, with remaining staff to assist with deli...

Staff reporters 12 Sep 2025