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Professional Services
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FMA to ramp up audit firm reviews

Increased oversight comes as new standards on disclosing non-audit fees set to come live from 2024.

Illustration: Michael Hickmott.

The Financial Markets Authority will review audit firms more regularly from the next financial year in a bid to identify any “systemic issues” earlier.

The change comes following the External Reporting Board’s issuance of new standards, which will increase the amount of disclosure required

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FMA to ramp up audit firm reviews
Professional Services,
99765