30 January 2014

Media release – Select Committee Services

Accounting Infrastructure Reform Bill – call for submissions

The Commerce Committee is currently considering the Accounting Infrastructure Reform Bill. The bill continues the changes begun by the Financial Markets Conduct Act 2013 and the Financial Reporting Act 2013. It proposes amendments to the rules on who may perform statutory audits, to the restrictions on legal form for audit firms, to the requirement for independent assurance of financial statements for certain charities, and to the rules relating to how the New Zealand Institute of Chartered Accountants structures itself.

The committee has also agreed to consider whether to include guidelines for the Registrar to apply when considering applications for approval, and including on-going requirements or checks on approved bodies and individuals.

The closing date for submissions is Monday, 3 March 2014.

The bill can be viewed online at www.legislation.govt.nz or purchased at any Bennetts Government Bookshop. Wellington residents can contact the bookshop by emailing gbs@bennetts.co.nz.

Submissions should be forwarded by the due date, either online using our website (www.parliament.nz) or in writing to the address below. If a submitter wishes to appear before the committee, they need to state this clearly and provide a name, daytime phone number and email address. Submissions generally become public and are published on our website. For further guidance on making a submission, read our publication Making a submission to a Parliamentary Select Committee on our website or contact us at 04 817 9520.

Address for correspondence: Commerce Committee, Parliament Buildings, WELLINGTON 6160.

ENDS

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