Auditors of issuers and audit firms need to comply. This section also includes information on accredited bodies.
Our quality reviews help improve audit quality standards and ensure audit opinions are reliable. These reviews also help us to achieve our strategic goal of ensuring that investors have access to resources that help them make betterinformed financial decisions.
14 September 2017
The Swiss Government has announced its recognition of the New Zealand audit oversight regime as equivalent to the Swiss standards, permitting NZ-regulated auditors to operate in Switzerland.
With this announcement, the Swiss Government has concluded that the New Zealand systems of public oversight, quality assurance, investigation and penalties for auditors and audit firms are equivalent of those in Switzerland. Recognition by Swiss Government follows the recognition of our audit oversight regime by the European Commission and FMA’s acceptance into the International Forum of Independent Audit Regulators (IFIAR).
It comes into effect from 1 October 2017.
The Independent Forum of Independent Audit Regulators (IFIAR) has issued the results of their annual inspections findings on the 6 largest global audit networks (Deloitte, KPMG, PWC, EY, BDO and Grant Thornton) earlier this month.
Auditors are subject to appropriate scrutiny and accountability. Read here about our monitoring of auditors and the disciplinary process we follow.
Auditors of an issuer need to hold a licence. Audit firms need to be registered.
Under the FMC Act 2013 there are financial reporting obligations for FMC reporting entities.
5 May 2017
Media release MR No. 2017 – 158 May 2017 The FMA is working with ANZ to see if behavioural insights can prompt more ANZ KiwiSaver members to get retirement advice, or use retirement-planning tools when they hit 56 years old. The aim of this behavioural insights pilot is to examine if adjusting communications sent to ANZ KiwiSaver members aged 56, and users of their ‘lifetimes’ investment approach, results in more members checking they are on track...
20 February 2017
Media release MR No. 2017 – 05 20 February 2017 The Conduct Outcomes Report 2016 highlights the key issues and actions from the FMA’s enforcement, supervision and preventative activities for the financial year July 2015 to June 2016. Previously published as the Investigations and Enforcement Report, this report shows how the FMA has made use of the broad range of conduct regulation powers available under the Financial Markets Conduct Act 2013. Key ac...
15 February 2017
Media Release MR No. 2017 – 04 15 February 2017 Today the Financial Markets Authority published its updated Strategic Risk Outlook (SRO). This is a foundation FMA document and sets out how the regulator identifies and prioritises the key risks to its overall objective of fair, efficient and transparent markets. In 2014, the FMA established seven strategic priorities to address the main risks and potential harms to financial markets. Those priorities an...
14 November 2017
First published 14 November 2017 Final date for submissions 5pm, Friday 8 December 2017 Consultation document Consultation paper FMA Corporate Governance handbook Submission form Feedback form E-mail for submission firstname.lastname@example.org (please use the title of the consultation paper for the subject line) Updated Corporate Governance Handbook ConsultationWe welcome your feedback on our draft Corporate Governance handbook (handb...