New Zealand Financial Markets Authority Publishes Auditor Regulation And Oversight Plan 2022-2025

The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has published its Auditor Regulation and Oversight Plan 2022-2025.

The plan sets out how the FMA aims to improve the audit quality of Financial Markets Conduct reporting entities by:

• reviewing the systems, policies and procedures that registered audit firms have in place to deliver high-quality audits
• reviewing individual audit engagements, to ensure they meet the auditing and assurance standards
• monitoring accredited bodies to ensure they are effective frontline regulators of licensed auditors.