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

Advent International eyes NZ deals with Aussie outpost
Markets

Advent International eyes NZ deals with Aussie outpost

US private equity giant says NZ key market for growth.

These shares are 'priced for awful'
Markets

These shares are 'priced for awful'

Kathmandu, SkyCity and Fletcher shares are under pressure. Some are taking the plunge.

NZ sharemarket drifts lower
Markets Market close

NZ sharemarket drifts lower

The S&P/NZX 50 Index closed at 11,776.73, easing 12.65 points or 0.11%.

Graham Skellern 02 Jul 2024