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Financial Reporting Act 2013

External Reporting Board, standards, and provisions that apply to other enactments - Standard provisions relating to auditor qualifications and access to information

34: Purpose and application

You could also call this:

"What this law is about and who it applies to"

Illustration for Financial Reporting Act 2013

The purpose of this part of the law is to set out rules that apply to different laws. These rules are about who can be an auditor for an entity, what information an auditor can access, and what happens if someone acts as an auditor when they are not qualified. You can find out what a qualified auditor is by looking at section 35.

This part of the law applies to a specified entity if another law says that entity needs a qualified auditor. The law applies if the entity needs an auditor for its financial statements. You can be a specified entity if you are required to have a qualified auditor.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM4632941.

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Part 2External Reporting Board, standards, and provisions that apply to other enactments
Standard provisions relating to auditor qualifications and access to information

34Purpose and application

  1. The purpose of this subpart is to provide for the following standard provisions to apply for the purposes of various enactments:

  2. provisions relating to who may be appointed or act as the auditor of an entity:
    1. provisions relating to access to information by an auditor:
      1. offences for an unqualified person to act as an auditor or to hold himself, herself, or itself out as being a qualified auditor.

        1. This subpart applies to an entity (a specified entity) if an enactment requires or provides for a qualified auditor, as defined in section 35, to be appointed or to act as the auditor of the entity or of its financial statements.

        Notes
        • Section 34(1)(c): inserted, on , by section 6(1) of the Financial Reporting Amendment Act 2014 (2014 No 64).
        • Section 34(2): amended, on , by section 6(2) of the Financial Reporting Amendment Act 2014 (2014 No 64).