Auditing the Auditors: Utilities firms have big other bills

Deloitte's Melissa Collier and KPMG's Brett Manning. (Image: NZME)

Wed, 06 Dec 2023

This is the second article in the 2023 Auditing the Auditors series. Read part one here. Utilities firms with heavy regulatory reporting requirements Vector, Chorus and Manawa Energy are the three biggest spenders in the NZX50 of other services with their audit firm. BusinessDesk analysis of the NZX50’s most recent annual reports found that KPMG audits the top three spenders on fees outside the statutory audit. The spending on fees outside the statutory audit, as part of a total auditor’s remuneration as disclos...

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