We carry out annual audits.
An auditor gives an independent report with an opinion on an organisation's financial statements and service performance information. This content is an important part of an organisation's annual report - and the auditor’s report is a guide for the reader about the reliability of the information in that annual report.
When the audit team looks at an organisation, they’ll be looking for accurate reporting of both financial and performance information.
How audit fees are set
The aim is for fees that are fair to the public organisations and provide a fair return to auditors for the work they are required to do.
Audit New Zealand is not a profit-making business, so its audit fees are used as a benchmark for maintaining reasonable fees among all auditors who do work on the Auditor-General's behalf.
The Auditor-General monitors audit fees to ensure that fees are based on realistic hours, an appropriate audit team mix, and charge-out rates that are in line with market rates.
Have you ever wondered what an auditor does? Their work is largely in the background, but it’s really important in maintaining trust and confidence in our public sector.
When the auditor gives their opinion, they use auditing expressions that come from international standards and conventions. Here's a plain English explanation of those terms...