Audit firm rotation arrives in NZ, but are we ready for AI?
ANALYSIS: Research shows show that 31 NZX50 companies have had the same audit firm for at least the past decade. Of those, 20 hadn’t changed audit firms in more than 20 years.
Way back in October 2020, your co-editor wrote a feature called “Is NZ running out of auditors?”
That was after data showed a sustained drop in the number of licensed auditors in New Zealand over the previous decade. That, coupled with increased international scrutiny of auditors in the wake of