New Zealand: the Auditor Regulation Act 2011 - first consultation paper published by FMA

The Financial Markets Authority has published the first of several consultation papers concerning the implementation of the Auditor Regulation Act 2011. The first paper - available here (pdf) - covers matters including the minimum standards a person would need to meet in order to receive a licence to perform issuer audits and the minimum standards an audit firm must meet in order to be registered.