With our staff member Nick Hsu now being a full member of CPA Australia, he has the same legal status in New Zealand as a Chartered Accountant.
This means we can now audit (or review) organisations, whose constitution specifically require a Chartered Accountant.
We have also clarified with the Ministry of Education that they accept CPAs as auditors for early childhood education centres.
We are also in the process of acquiring Registered Auditor status for Nick, specifically for not-for-profit organisations. This would remove our current limitation on the audits of registered Charities, which we can only do at the moment if their operating expenditure is under $500,000.
If you are happy with your current auditor we would not encourage you to change – a good relationship with your auditor is important.