Guides, logs and application forms
Licensed auditors under the Auditor Regulation Act 2011
If you are responsible for conducting Financial Markets Conduct Act 2013 (FMC) audits in New Zealand you must hold a licence under the Auditor Regulation Act 2011 (New Zealand) (ARA). Further information on FMC audits and explanation of whether you will need an audit licence is available in the CPA Australia New Zealand auditor licencing guide above.
CPA Australia is an accredited body and is authorised to licence individuals under the ARA. Licensees are required to comply with all mandatory, ethical, professional standards and pronouncements.
To apply for a licence you must complete the application form above and return the completed form with payment to the New Zealand office. You must also:
- be ordinarily a resident in New Zealand
- hold a current CPA Australia Public Practice Certificate
- meet the minimum standards for licensed auditors
- satisfy the Board that you are a fit and proper person to hold a licence and can meet the continuing obligations of a licensed auditor under the ARA
For more information on how to apply and the requirements see the licensing guide above.
The following fees are required to be paid with your application (all fees are in New Zealand dollars and are valid from October 2012):
- Registrar’s registration fee: NZ$350 (including GST)
- CPA Australia application fee: NZ$144 (including GST)
CPA Australia will pass on the registration fee to the Registrar of Companies’ office together with your licence details.
The CPA Australia application fee is a one-off fee for processing your application.
These fees are payable on annual confirmation of your licence:
CPA Australia will send you an invoice, and collect these payments which will be passed on to the applicable government offices.
After you receive your licence
Your licence will be valid for up to five years (the licence will specify when it expires).
Maintaining your licence will require you to meet certain ongoing requirements, including:
adhering to all applicable legislation and standards in undertaking your role as a licensed auditor
maintaining appropriate insurance cover
maintaining your CPA Australia CPA status membership
maintaining your CPA Australia Public Practice Certificate
maintaining your qualifications and meeting continuing professional development requirements
participation in CPA Australia’s quality review program
ongoing compliance with any other conditions to which your license is subject
attending to annual confirmation and payment of applicable fees and levies