Listed Companies Part 1

Auditing the auditors: What are companies paying for?

Victoria Young & Andy Fyers
Mon, 23 Nov 2020

Tomorrow: Part 2 of Auditing the auditors – who has market share?New Zealand’s listed companies disclosed almost $10 million in fees paid to their auditor in non-audit fees, a major study of annual reports shows.BusinessDesk has reviewed the auditor fees of more than 120 listed companies’ annual reports to provide analysis on what fees are spent on. The review of most recent company annual reports and statements available at Oct. 7, 2020 showed $46.79 million paid to auditors, of which $3.27 million was broken out as '...

Unlock all stories
free for 10 days

Trustworthy, balanced journalism every day from our growing team of New Zealand business reporters and commentators, plus more in our weekend magazine section, The Life.

Instant News Alerts based on keywords you choose or journalists you follow
Our Daily Digest of all stories at 6am, midday or 6pm
Comprehensive business and markets coverage
News via email, web and Apple/Android apps

Try for 10 days without paying and if you’re not convinced cancel with just two clicks.

Find out more

Subscribe now

Name

E-Mail Address

Password

Confirm Password

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.

Cardholder's Name

Card

You will be charged in 10 days unless you cancel beforehand. We will remind you three times before charging you.
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 }}

Or Subscribe with Google

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets FREE

NZ dollar hits two-year low

Staff reporters | Wed, 06 Jul 2022

The New Zealand dollar fell to 61.59 US cents at 5pm this evening – the lowest it has been since May 2020.

Retail

Govt plans for grocery commissioner well received

Rebecca Howard | Wed, 06 Jul 2022

The new watchdog “will be a referee of the sector, keeping the supermarket duopoly honest and blowing the whistle where it suspects there is a problem”.

Climate change

Carbonz resumes trading with creators standing by their credibility

Ian Llewellyn | Wed, 06 Jul 2022

The creators of a voluntary carbon credit and platform to trade them stand by their product.

Auditing the auditors: What are companies paying for?

Subscribe now

Or Subscribe with Google

Not convinced yet?

Your company has a subscription

Team