Auditing the auditors – who has market share?

Auditing the auditors – who has market share?
PwC's Rich Day says the audit market is relatively settled. (Image: PwC)
Victoria Young
Additional reporting by Murray Jones and Andy Fyers. PwC has reaped the most auditor fees from NZX50 companies this year, although the market share of our top listed firms is still reasonably distributed.BusinessDesk's analysis of the index of the top 50 shares on the New Zealand stock exchange (NZX) showed $42.2 million was spent on auditor fees in 2022, according to annual report disclosures. This is up a touch from $40.1m the year prior.Company director and former KPMG head Ross Buckley said auditors’ fees were only going to i...

More Services

SPQR owes more than $2 million
Services Free

SPQR owes more than $2 million

The first liquidator’s report on iconic Auckland restaurant SPQR shows the business owed more than $2 million to Inland Revenue and other creditors.The Ponsonby Rd establishment was placed into liquidation last Thursday by special resolution of the shareholders and is no longer t...

Staff reporters 18 Jul 2024
Consumers agree on what constitutes fairness: FMA
Finance

Consumers agree on what constitutes fairness: FMA

NZ consumers have a remarkably consistent understanding of fairness, research finds.

Tom Raynel 18 Jul 2024
$1.65b project to simplify switching banks a 'flop'
Finance

$1.65b project to simplify switching banks a 'flop'

Open banking has hindered competition rather than helping it, says lobby.

AAP 04 Jul 2024
Hundreds of ECE centres backtracking on pay parity
Policy

Hundreds of ECE centres backtracking on pay parity

96% of daycares have opted into pay parity, but govt funding doesn't match the costs.