Find Accountancy, Audit and Tax expertise in New Zealand

Overview

There are numerous accounting firms operating throughout New Zealand, based mainly in large cities such as Auckland and Wellington. This includes a significant presence of members of international accounting networks such as the ‘Big Four’ (Ernst and Young, PWC, KMPG and Deloitte).The Financial Reporting Standards Board of the New Zealand Institute of Chartered Accountants controls accounting standards in the country. Although it does not conform absolutely to IFRS (International Financial Reporting Standards), the Board has issued equivalent guidelines which are referred to as NZ-IFRS and ensure conformity of the guidelines with the New Zealand legislative environment. Fears that different private and public sector accounting standards would lead to divergence in the handling of transactions has led to proposed changes in Accounting Standards in 2012.The World Bank Ease of Doing Business Index (2011) places New Zealand in 18th place out of 183 countries, just below Australia in 18th place, when it comes to resolving insolvency. The World Economic Forum’s Global Competitiveness Report (2012-2013) shows that New Zealand comes 3rd in out of 143 countries worldwide in strength of auditing and reporting standards. The country scores 6.2 out of 7, well above the world mean of 4.6.

Accountancy, Audit and Tax organisations in New Zealand
New Zealand Institute of Chartered Accountants