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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 - Auditor qualifications

36S: Institute or other accredited body may recognise as qualified statutory accountants certain members of religious societies or orders

You could also call this:

"Religious group members can be recognised as accountants if they meet special rules"

Illustration for Financial Reporting Act 2013

The Institute or another accredited body can recognise you as a qualified statutory accountant if you are a practising member of a religious society or order. You must have beliefs that stop you joining other organisations, and the Institute or accredited body must have a written arrangement with you that follows the rules in section 36T. The Institute or accredited body must also think you have the right skills and experience to be a qualified statutory accountant and that you are a fit and proper person.

The Institute or accredited body can recognise you by including a statement in the arrangement under section 36T. This recognition can stop if the Institute or accredited body is no longer satisfied with you or if the arrangement ends, unless a new arrangement is made that follows the rules in section 36T.

You will get written notice if the Institute or accredited body is no longer satisfied with you.

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This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM6521253.

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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: Auditor qualifications

36SInstitute or other accredited body may recognise as qualified statutory accountants certain members of religious societies or orders

  1. Subsection (2) applies if—

  2. the Institute or another accredited body is satisfied that a person (A) is a practising member of a religious society or order whose doctrines or beliefs preclude membership of any organisation or body other than the religious society or order of which A is a member; and
    1. the Institute or other accredited body has entered into a written arrangement with A that complies with section 36T; and
      1. the Institute or other accredited body is satisfied that A—
        1. has satisfactory competence, qualifications, and experience to act as a qualified statutory accountant; and
          1. is otherwise a fit and proper person to be a qualified statutory accountant.

          2. The Institute or other accredited body may recognise A as a qualified statutory accountant by including a statement of that recognition in or with the arrangement under section 36T.

          3. The recognition under subsection (2) ceases if—

          4. the Institute or other accredited body ceases to be satisfied as referred to in subsection (1)(a) and gives written notice of that fact to A; or
            1. the arrangement is terminated or otherwise comes to an end (unless a subsequent arrangement that complies with section 36T is entered into).

              Notes
              • Section 36S: inserted, on , by section 8 of the Financial Reporting Amendment Act 2014 (2014 No 64).