New joint venture to scrutinise auditors
The New Zealand Institute of Chartered Accountants wants less duplication when investigating its members.
A memorandum of understanding has been signed between the NZICA and Financial Markets Authority, setting out principles of co-operation and co-ordination.
NZICA chief executive Terry McLaughlin says the MoU specifically targets the regulation of auditors and financial advisers.
“Recent changes to the regulatory framework have provided an opportunity to work together more effectively and, where possible, avoid duplication in regulatory activities.”