Audit quality monitoring

The Financial Markets Authority’s Audit Quality Monitoring Report for 2016-2017 identifies areas for improvement in audits by NZ’s licenced auditors. Jacco Moison, Manager of Auditor Oversight at the FMA, discusses the key findings with Claire Grayston at CPA Australia and identifies actions auditors can take to improve audit quality. Jacco focuses on the FMA’s findings regarding auditor independence, quality control and professional scepticism, highlighting the FMA’s expectations regarding how auditors should address the findings. 

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