The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has published its annual accredited body reports for CPA Australia and the New Zealand Institute of Chartered Accountants (NZICA).
The reports contain the findings of the FMA’s monitoring assessments of NZICA and CPA Australia for the period 1 July 2021 to 30 June 2022. The FMA did not have specific concerns relating to NZICA’s or CPA Australia’s compliance during the review period.
It is one of the FMA’s strategic priorities to ensure that frontline regulators such as NZICA and CPA Australia are effective in their role. The Auditor Regulation Act 2011 requires the FMA to monitor and ensure the audit regulatory systems and processes used by accredited bodies are adequate and effective.
