NZ auditors still struggling to meet standards in latest FMA review

Sun, 29 Nov 2015

By Paul McBeth Nov. 30 (BusinessDesk) - The country's auditors are still struggling to meet minimum accounting standards, with less than a fifth reviewed by the Financial Markets Authority characterised as 'good' and the rest needing to improve. Of the 38 audit files in the 12 months ended June 30, 18 percent were seen as 'good' and needing limited improvements, better than the 5 percent of 56 files a year earlier, though largely in line with the 15 percent of the first report in 2013. Some 37 percent of audits required improvements, com...

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