Auditing the Auditors: Utilities firms have big other bills

Auditing the Auditors: Utilities firms have big other bills
Deloitte's Melissa Collier and KPMG's Brett Manning. (Image: NZME)
Victoria Young
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...

More Markets

Metroglass recap plan hands control to Amari Metals
Markets

Metroglass recap plan hands control to Amari Metals

An independent report said Metroglass was left with “no viable alternatives”.

Vital presses remaining shareholders to back takeover
Markets

Vital presses remaining shareholders to back takeover

Vital wants shareholders to accept “without delay”.

The problem with wet sock small caps
Markets

Eden Bradfield: The problem with wet sock small caps

Why are smaller firms better off as private companies?

Eden Bradfield 09 Aug 2025
Late selling drives NZ sharemarket down
Markets Market Close

Late selling drives NZ sharemarket down

There were 72 rises and 52 falls on the main board.

Jamie Gray 08 Aug 2025