FMA reduces scope of annual audit review on ‘depleted’ resources
Of the 14 audit files reviewed this year, five were deemed non-compliant.
FMA audit, financial reporting, and climate related disclosures head Jacco Moison.
The Financial Markets Authority reviewed just 14 audit files this year, down from 25 as recently as 2022, in part because the market regulator’s audit team resourcing was depleted due to personnel changes.
Of those files, five were identified as non-compliant, meaning the proportion of
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