Modified Audit Reports

Effective from 1 April 2014, auditors of FMC reporting entities and/or companies  MUST send copies of modified audit reports and the related financial statements to:

  • the XRB, in addition to sending it to
  • the FMA
  • the Registrar of Companies and,

in the case of an issuer of debt securities or a manager of a registered scheme, to the Supervisor.

You should send applicable qualified audit reports to the XRB within 7 working days of the audit report being completed.

Send these reports to us by:

External Reporting Board
P O Box 11250
Manners Street Central
Wellington 6142


These are statutory requirements under:

  1. Section 461G of the Financial Markets Conduct Act 2013. This requires auditors of FMC reporting entities to send a copy of the audit report and the related financial statements within 7 working days after signing the report to the above organisations when the audit report indicates that the requirements of Part 7 of the Financial Markets Conduct Act 2013 have not been complied with.

  2. Section 207C of the Companies Act 1993. This requires auditors of companies, other than those companies that are FMC reporting entities, to send a copy of the auditor’s report and the related financial statements to the Registrar of Companies and the XRB (within 7 working days of the audit report being completed) when the audit report indicates that the requirements of the Companies Act 1993 have not been complied with.