Are you required to be audited?

You may or may not be aware that recent changes to Financial Reporting legislation and who is required to be audited has been some of the most significant we have seen in New Zealand for more than 20 years.

In previous newsletters we have reported on the new Financial Reporting Framework. Below we detail with the recent changes in legislation, who has to be audited and the legislative reference for further reading.

Note that the Accounting Infrastructure Reform Bill, which applies to the not for profit sector, is before the select committee that will report back to Parliament after the end of May.  We will let you know of any updates.

If you are not sure or need assistance with determining your audit requirements, please contact your local Moore Stephens Audit office.

required audit

Winter 2014

Serious about your success?