Consultation Paper: Issuer exemptions from licensed auditor requirement

FMA is consulting on a review of class Financial Reporting Act exemptions for issuers in light of the introduction of auditor licensing requirements under the Auditor Regulation Act 2011.

FMA's consultation paper proposes policy positions regarding when Financial Reporting Act exemptions will generally be given to relieve an issuer from using a licensed auditor, discusses specific amendments to existing exemptions, and consider whether any new class exemption notices may be required.

The FMA seek submissions on the proposals in the paper to assist with this review process. Submissions should be sent by email to exemptions@fma.govt.nz. The deadline for submissions is 17 December 2012 ... READ MORE