Financial Markets Conduct Act 2013

Financial reporting - Preparation, audit, and lodgement of financial statements - Audit of financial statements

461G: Auditor's report

You could also call this:

"A report from an auditor to check if a company's financial statements are correct"

Illustration for Financial Markets Conduct Act 2013

When you are looking at the financial statements of a company, you want to know if they are correct. The person who checks these statements is called an auditor. The auditor must write a report that follows all the rules for auditing. If the auditor finds that the company has not followed the rules, they must send a copy of their report to certain people. You can find more information about the rules the auditor must follow by looking at the applicable auditing and assurance standards, and you can also look at the Financial Markets Conduct Act 2013 for more details.

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This page was last updated on 15 July 2025

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM6027079.

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461F: Audit must be carried out in accordance with auditing and assurance standards, or

"Audits must be done correctly and fairly by following the rules."

461H: Lodgement of financial statements, or

"Sending your company's financial reports to the government on time"

Part 7Financial reporting
Preparation, audit, and lodgement of financial statements: Audit of financial statements

461GAuditor's report

The auditor's report on the financial statements or group financial statements that are required to be audited under this subpart must comply with the requirements of all applicable auditing and assurance standards.
If the auditor's report indicates that the requirements of this Part have not been complied with, the auditor must, within 7 working days after signing the report, send a copy of the report, and a copy of the financial statements or group financial statements to which it relates, to—
the FMA; and
the External Reporting Board; and
in the case of an issuer of debt securities or a manager of a registered scheme, the supervisor.

Compare

1993 No 106 s 16(1), (2)

Notes

Section 461G: inserted, on 1 April 2014, by section 48 of the Financial Reporting (Amendments to Other Enactments) Act 2013 (2013 No 102).