Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Trans-Tasman accounting body merger gets unanimous backing

Trans-Tasman accounting body merger gets unanimous board backing

Nov. 6 (BusinessDesk) - A potential tie-up between the New Zealand Institute of Chartered Accountants and the Institute of Chartered Accountants in Australia, its sister-body, will be put to members for consultation after winning unanimous support from both boards.

The boards of the two bodies yesterday announced they will put their work to the NZICA's and ICAA's elected leaders for feedback as they seek to win support for a merger of the entities. The trans-Tasman industry groups have been working more closely since September 2010 as regulators push for greater harmonisation between New Zealand and Australia.

The boards "believe there is a strong case for creating a new, single trans-Tasman institute and have unanimously agreed to move to the next stage of the process being full consultation with our elected members," they said in a statement on the NZICA website.

"The boards believe the institutes can best address the opportunities and challenges facing the profession together, by creating a new future-fit member-centric body ready to adapt, innovate and grow for the benefit of members and the community," they said.

New Zealand auditors have come under greater scrutiny in the past couple of years after legislator's decided to introduce a new layer of oversight, with the Financial Markets Authority acting as an independent watchdog of the NZICA's monitoring function.

The accounting bodies will set up a trans-Tasman joint working council to stress test and provide guidance on the work to date. That work will then inform wider consultation.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Houses (& Tobacco) Lead Inflation: CPI Up 0.3% In March Quarter

The consumers price index (CPI) rose 0.3 percent in the March 2014 quarter, Statistics New Zealand said today. Higher tobacco and housing prices were partly countered by seasonally cheaper international air fares, vegetables, and package holidays. More>>

ALSO:

Notoriously Reliable Predictions: Budget To Show Rise In Full-Time Income To 2018: English

This year’s Budget will forecast wage increases through to 2018 amounting to a $10,500 a year increase in average full time earnings over six years to $62,200 a year, says Finance Minister Bill English in a speech urging voters not to “put all of this at risk” by changing the government. More>>

ALSO:

Prices Up, Volume Down: March NZ House Sales Drop 10% As Loan Curbs Bite

New Zealand house sales dropped 10 percent in March from a year earlier as the Reserve Bank’s restrictions on low-equity mortgages continue to weigh on sales of cheaper property. More>>

ALSO:

Scoop Business: Chorus To Appeal Copper Pricing Judgment

Chorus will appeal a High Court ruling upholding the Commerce Commission’s determination setting the regulated prices on the telecommunications network operator’s copper lines. More>>

ALSO:

Earlier:

Cars: Precautionary Recalls Announced For Toyota Vehicles

Toyota advises that a number of its New Zealand vehicles are affected by a series of precautionary global recalls. Toyota New Zealand General Manager Customer Services Spencer Morris stressed that the recalls are precautionary. More>>

ALSO:

'Gardening Club': Air Freight Cartel Nets Almost $12 Million In Penalties

The High Court in Auckland has today ordered Swiss company Kuehne + Nagel International AG to pay a penalty of $3.1 million plus costs for breaches of the Commerce Act. Kuehne + Nagel’s penalty brings the total penalties ordered in this case to $11.95 million ... More>>

ALSO:

Crown Accounts: Revenue Below Projections

Core Crown tax revenue has increased by $1.9 billion (or 5.0%) compared to the same time last year. However this was $1.1 billion less than expected and is reflected across most tax types, continuing the pattern of recent months. More>>

ALSO:

Efficiency: Businesses And Households To Save From New Energy Plans

Minister of Energy and Resources Simon Bridges today announced three energy efficiency initiatives to improve business productivity, save money and reduce carbon emissions. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news