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Hot Topic Infrastructure
Professional Services
3 mins to read

‘Things go wrong, don’t hide it’: FMA’s message to audit firms

Regulator’s review finds more compliant audit files but warns of complacency.

Illustration: Michael Hickmott.

The Financial Markets Authority has called out international ethics failures at the Big Four accounting firms, such as exam cheating and PwC Australia’s confidentiality breaches, and implored New Zealand auditors to be up front about issues when they arise.

The FMA on Friday released its audit

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Hamish McNicol Mon, 27 Nov 2023
Contact the Writer: Hmcnicol@nbr.co.nz
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‘Things go wrong, don’t hide it’: FMA’s message to audit firms
Professional Services,
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