Parliament passes new auditor regulation Bill

Commerce Minister Simon Power today welcomed Parliament's passing of the Auditor Regulation and External Reporting Bill.

The New Zealand Institute of Chartered Accountants (NZICA) has welcomed the official formation of the Financial Markets Authority (FMA).

Justice Minister Simon Power has announced the appointment of Dinu Harry and the reappointment of Rodger Finlay to the board of Public Trust.

Deloitte New Zealand chief executive Murray Jack has been named as one of the board members of the soon-to-be established Financial Markets Authority (FMA).

International tax changes will add to the costs of doing business abroad and do little to make New Zealand better off, according to the New Zealand Institute of Chartered Accountants (NZICA).

Commerce Minister Simon Power has today announced the members of the soon-to-be established External Reporting Board (XRB).

Commerce Minister Simon Power has welcomed the Commerce Select Committee report on the Auditor Regulation and External Reporting Bill, which will establish a new licensing regime for major audits.

The New Zealand Institute of Chartered Accountants (NZICA) has welcomed tax relief measures for Christchurch residents and businesses, but said issues still remain.

Signs are positive for growth and stability in New Zealand accounting and finance roles, according to a recent survey from recruitment company Robert Half International.

The value of fraud hit the $100 million mark in the second half of 2010, and accounting fraud remained the most common type of fraud, according to the latest KPMG Fraud Barometer.