Accounting Infrastructure Reform Bill

Bills are proposals to make a new law or to change an existing one. Only Parliament can pass a bill. Each bill goes through several stages, giving MPs and the public the chance to have their say.

This 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.