Auditing the Auditors: We’ve been underpaying for auditors in NZ – CAANZ assurance leader

NZSA's Oliver Mander says good audits are an insurance policy for investors. (Image: NZME)

Wed, 18 Dec 2024

A good audit works as an insurance policy for investors, NZ Shareholders’ Association chief executive Oliver Mander says.Discussing the double-digit rise in audit fees for the NZX50 this year, Mander said: “Shareholders should still see audit costs as a good cost for them. That's part of the sort of wider insurance that they receive as investors in public markets that provides some surety around what their investment is doing.”Mander said there was an inherent tension between directors and shareholders. “It'...

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