Confidence in our business communities is essential to New Zealand鈥檚 prosperity. High quality, independent audit is the cornerstone of that confidence.

Our 2022 Audit Quality Report dives into a range of aspects of audit quality, and how these are changing and developing over time. We mark the year against the framework used by 乐鱼(Leyu)体育官网 to measure and deliver audit quality.

A focus on 鈥榗ourage鈥�

The focus for our inaugural report came out of a series of interviews with our own stakeholders (directors, investors and regulators) to understand their views on what drives a quality audit.

The consistent theme we heard was courage - the courage to dive into what doesn鈥檛 look right, keep going until you get clear evidence, and to say what needs to be said.

The very first attribute I look for in a new audit partner relationship is courage and being brave. Great audit partners have lots of courage. But not reckless courage!

Bruce Hassall, Experienced Director

Culture and values are the most important. You can have the most brilliant people, but if they aren鈥檛 in the right environment to put their hand up and say something is wrong, that is the biggest risk.

Jacco Moison, Head of Audit & Financial Reporting
Financial Markets Authority