New Zealand Accounting News

(31 January 2012) Following the consultation paper on various aspects of the Auditor Regulation Act 2011, the NZICA has made a submission to the FMA on behalf of members © 2012 CCH New Zealand Ltd

(31 January 2012) The IRD is reminding customers that end—of—year tax payments are due 7 February 2012 unless they have an extension of time through a tax agent © 2012 CCH New Zealand Ltd

(31 January 2012) On 27 January 2012, the Treasury released the "Financial statements of the Government of New Zealand for the five months ended 30 November 2011" © 2012 CCH New Zealand Ltd

(31 January 2012) The IRD has issued standard practice statement SPS 11/07: "Application of discretion in section 81(1B) of the Tax Administration Act 1994 — the secrecy provisions" © 2012 CCH New Zealand Ltd

(16 January 2012) High Court — Judgment: 19 December 2011 Application for annulment of bankruptcy dismissed © 2012 CCH New Zealand Ltd

(12 January 2012) Inland Revenue has released a draft "Question we've been asked" (QWBA) on the treatment of quad bikes for depreciation purposes © 2012 CCH New Zealand Ltd

(09 January 2012) Inland Revenue has issued tax information for individuals and businesses affected by the Nelson floods © 2012 CCH New Zealand Ltd

(09 January 2012) In a media release dated 12 December 2011, Inland Revenue has welcomed the High Court's decision in the Alesco optional convertible notes case © 2012 CCH New Zealand Ltd

(09 January 2012) Dates when the courts will resume sittings in 2012, and upcoming cases © 2012 CCH New Zealand Ltd

(21 December 2011) Court of Appeal — Judgment: 14 December 2011 Taxpayers permitted to amend pleadings to allege fraud © 2012 CCH New Zealand Ltd

Commerce Minister Simon Power today welcomed Parliament's passing of the Auditor Regulation and External Reporting Bill.

The New Zealand Institute of Chartered Accountants (NZICA) has welcomed the official formation of the Financial Markets Authority (FMA).

Justice Minister Simon Power has announced the appointment of Dinu Harry and the reappointment of Rodger Finlay to the board of Public Trust.

Deloitte New Zealand chief executive Murray Jack has been named as one of the board members of the soon-to-be established Financial Markets Authority (FMA).

International tax changes will add to the costs of doing business abroad and do little to make New Zealand better off, according to the New Zealand Institute of Chartered Accountants (NZICA).

Commerce Minister Simon Power has today announced the members of the soon-to-be established External Reporting Board (XRB).

Commerce Minister Simon Power has welcomed the Commerce Select Committee report on the Auditor Regulation and External Reporting Bill, which will establish a new licensing regime for major audits.

The New Zealand Institute of Chartered Accountants (NZICA) has welcomed tax relief measures for Christchurch residents and businesses, but said issues still remain.

Signs are positive for growth and stability in New Zealand accounting and finance roles, according to a recent survey from recruitment company Robert Half International.

The value of fraud hit the $100 million mark in the second half of 2010, and accounting fraud remained the most common type of fraud, according to the latest KPMG Fraud Barometer.