Role and Responsibilities
The New Zealand Auditing and Assurance Standards Board (NZAuASB) has delegated authority from the XRB Board to develop or adopt, and issue auditing and assurance standards, including professional and ethical standards for assurance practitioners.
High quality assurance that gives users confidence about the fair presentation of the information presented in financial reports is vital to the achievement of the XRB’s outcome goal.
The NZAuASB considers the suite of auditing and assurance standards and how they are being applied. It issues standards or guidance if necessary to achieve its strategic objective.
The Board aims to:
- establish auditing and assurance standards that build confidence in New Zealand financial reporting;
- assist entities to compete internationally; and
- enhance entities’ accountability to stakeholders.
The NZAuASB is a committee of the XRB Board established under schedule 5 of the Crown Entities Act.
NZAuASB Outcome Goal
The NZAuASB’s strategic objective is:
To establish auditing and assurance standards which will encourage assurance providers to behave and provide assurance in a manner that engenders confidence in New Zealand financial reporting, assists entities to compete internationally, and enhances entities’ accountability to stakeholders.
Meet our NZAuASB Board Members
The NZAuASB has up to 10 members, with a focus on diversity of experience and perspective. The members of the NZAuASB are appointed by the XRB and are all part time. They are remunerated in accordance with rates determined by the Remuneration Authority.
Robert is a Wellington lawyer, specialising in public law. His practice includes advising on a range of public sector governance issues both in New Zealand and internationally. He works extensively in the area of audit and assurance, and has also held a number of governance appointments in the public sector.
Robert was previously Assistant Auditor-General, Legal at the Office of the Auditor-General and Director of the Law Commission.
Robert is a current member of the Institute of Directors in New Zealand and the New Zealand Law Society.
John is Financial Services Audit Partner at KPMG. He is the head of KPMG's Financial Services Audit Practice and Banking & Finance Line of business. He is also the editor of the Financial Institutions Performance Survey.
John is a licensed auditor and his audit experience covers a wide range of commercial sector clients including banking, insurance, funds management, and the automotive industry. He has particular expertise in financial services auditing and related Reserve Bank and Trustee reporting requirements.
John is also a trustee of the Kidscan Charitable Trust.
Clyde is Principal of D’Souza Associates, a boutique merchant banking practice specialising in mergers and acquisitions, due diligence services and valuation advice.
Clyde has extensive experience in the financial services sector including research and analysis roles at AMP Investments and Citigroup. Clients of his advisory practice cover a variety of industries and different sized entities.
Clyde is on the governing board of the Institute of Financial Professionals and a member of the Institute of Directors.
Craig is an Audit Partner of RSM Hayes Audit and Chairman of RSM New Zealand with over 25 years of audit experience. His clients include issuers, private companies, public sector entities and a wide range of charities and not-for-profit organisations.
Craig is also co-author of the Thomson Reuters (formerly Brooker’s) Practical Auditing Manual and a frequent author and presenter on audit, assurance and risk topics.
Craig is a past Chairman of the NZICA Professional Practices Board (the predecessor to the PSB) and the PSB. During his tenure New Zealand adopted the International Standards on Auditing (New Zealand) (ISA (NZ)s). He has represented New Zealand internationally in assurance standard-setting matters.
Craig is a member of the Institute of Directors and the Committee of the CA ANZ Auckland Not-For-Profit Special Interest Group, and the Australasian Charities and NFP Advisory Committee. In addition Craig is Chairman of the Fred Hollows Foundation New Zealand and a trustee of the Sustainable Coastlines Charitable Trust..
Chong is General Manager, Professional Practices at Audit New Zealand. In this role he is responsible for ensuring that appropriate systems, tools and knowledge are in place for Audit New Zealand audit staff.
Chong has a wide variety of auditing experience at both the operational and standard setting level. He was previously an Audit New Zealand Audit Director with responsibility for the audits of a range of public sector clients.
He also has had extensive involvement in Audit New Zealand’s audit methodology development, professional development, and organisational change management. He has been a member of the New Zealand Institute of Chartered Accountants’ Professional Standards Board.
PhD, FCA, FCPA
David Hay is the Professor of Auditing at the University of Auckland, New Zealand. David is actively involved in auditing research, teaching and professional activities.
David is co-author of a recent reference book on auditing and auditing research, The Routledge Companion to Auditing, and an author of numerous articles in research journals. He is the Editor-in-Chief of the International Journal of Auditing.
Before his academic career, David had extensive professional auditing experience in New Zealand and in the City of London.
Ian is a retired Audit Partner of Deloitte New Zealand where he also was the Reputation and Risk Leader, responsible for all aspects of risk and compliance. He was a Licensed Auditor and an OAG Auditor.
His current governance experience includes being a member of the Massey University Council and Chair of its Finance and Audit Committee, and Independent Chair of Marlborough District Council Audit and Risk Sub-Committee.
Marje is an Executive Director of Tonkin & Taylor Group, a New Zealand-based environmental and engineering consulting company operating throughout Asia-Pacific.
She has an extensive background in non-financial assurance and environmental management including as General Manager, Environmental Certification Services at Telarc New Zealand & International Accreditation New Zealand in the 1990s and various other environmental and sustainable business assurance.
Marje is a member of the New Zealand Planning Institute, a member of the Institute of Directors and member of the Resource Management Law Association.
Karen is a Financial Assurance Partner at PwC, a licensed auditor and a Trustee of the PwC Foundation. Her clients include a wide range of issuers, large for-profit entities, public benefit public sector entities, and not-for-profit organisations.
She also provides internal audit services to a number of organisations as well as providing other assurance services and accounting advice.
Karen has particular expertise in financial services and spent six years with PwC’s London Banking and Capital Market’s Practice.
Roger is Scientia Professor of Auditing, UNSW Sydney, where he has been head of the School of Accounting, Associate Dean Research of the Australian Business School and Academic Director of the Centre of Social Impact.
He has 35 years’ experience in the auditing industry and during the past 20 years has been significantly involved in international committees and advisory panels relating to auditing.
Roger is currently a member of the International Integrated Reporting Committee’s framework review panel.
Previously he was a member of the IAASB and AUASB and co-chair of the taskforce producing the assurance standard on Carbon Emission disclosures for the IAASB. Roger is a Fellow of the Academy of the Social Sciences in Australia