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Comprehensive analysis of NZX audit market concentration, auditor tenure, fee trends, and director-auditor independence cross-references. Based on 246 fee records, 126 current auditor relationships, and 47 auditor changes.
Directors whose biographies mention an audit firm and who currently sit on a board that the same firm audits. This is flagged for transparency — it does not necessarily indicate a conflict, as cooling-off periods and professional independence requirements may apply.
“John was formerly Chief Executive of AMP Capital New Zealand and has held senior roles at PricewaterhouseCoopers”
“Sarah brings 25+ years international corporate finance and capital markets experience to Pacific Edge after a professional career with PwC in NZ and HSBC Investment Bank in London”
NZX directors whose biographies indicate prior experience at major audit firms. Sorted by firm. 18 directors identified.
Longest continuous auditor-client relationships based on fee records. Extended tenures may warrant review under auditor rotation best practices.
Cases where non-audit service fees (tax + other) exceeded core audit fees paid to the same firm. High non-audit ratios may indicate independence considerations under auditing standards.
Auditor appointments, resignations, and switches extracted from NZX announcements.
Change of auditor location to facilitate audit; Company's operations substantially based in New South Wales
Good governance practice in light of current auditor's tenure
NZ Governance Power Index — top directors, board interlocks, auditor concentration, and multi-board analysis.
Interactive force-directed visualization of board interlocks across NZX, charities, iwi, and public sector.
Director meeting participation rates across NZX boards.
Data sourced from publicly available records. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
Big Four fee share: 73% of total recorded fees
Based on available fee data from annual reports. Coverage varies by year.
“David was formerly Chief Executive of Canterbury Development Corporation and has held senior roles at Ernst & Young”
“She also held senior management roles with Coopers and Lybrand (now PwC) and HR Consultancy Right Management”
“In 2022 Mark was named Chairperson of the Year at the Deloitte Top 200 Awards, and in 2023 was awarded the Beacon Award for Corporate Governance by the NZ Shareholders Association”
“Neal was formerly Chief Financial Officer of Telecom New Zealand and has held senior roles at KPMG”
“Peter was formerly a Senior Partner with KPMG until September 2017, having been admitted to the Australian partnership in 1993”
“Prior to his governance career Paul spent 24 years with Deloitte as a Corporate Finance Partner, primarily working with large corporates, leading projects and M&A assignments”
“Rachel has also worked at PricewaterhouseCoopers as a Director in Audit”
“Laurissa was formerly Chief Financial Officer of Goodman Property Trust and has held senior roles at PricewaterhouseCoopers”
“He has over 35 years professional experience, including 23 years as a partner of PricewaterhouseCoopers where he also held a number of leadership and governance roles”
“Brodie was formerly Chief Financial Officer of Napier Port and has held senior roles at Ports of Auckland and KPMG”
| MPG | PricewaterhouseCoopers | 2016 — 2025 | 10yr |
| NZM | PricewaterhouseCoopers | 2016 — 2025 | 10yr |
| RBD | PricewaterhouseCoopers | 2016 — 2025 | 10yr |
| HLG | PricewaterhouseCoopers | 2017 — 2025 | 9yr |
| SPG | PricewaterhouseCoopers | 2017 — 2025 | 9yr |
| GNE | Deloitte | 2016 — 2024 | 9yr |
| MEL | Deloitte | 2015 — 2023 | 9yr |
| BGP | PricewaterhouseCoopers | 2010 — 2018 | 9yr |
| ERD | KPMG | 2018 — 2025 | 8yr |
| RAD | Baker Tilly Staples Rodway | 2018 — 2025 | 8yr |
| APL | Grant Thornton | 2019 — 2025 | 7yr |
| CDI | KPMG | 2019 — 2025 | 7yr |
| MOV | PricewaterhouseCoopers | 2019 — 2025 | 7yr |
| VCT | KPMG | 2019 — 2025 | 7yr |
| DOW | KPMG | 2015 — 2021 | 7yr |
| MFB | Ernst & Young | 2021 — 2026 | 6yr |
Tenure reconstructed from audit fee records. Actual appointment dates may differ. Red: 7+ years, amber: 5-6 years.
| FPH | The company's external auditor is not explicitly mentioned in the given context. | 2003 | $361K | $2.8M | 7.8x |
| NZK | Ernst & Young | 2016 | $115K | $496K | 4.3x |
| WIN | Ernst & Young | 2022 | $250K | $899K | 3.6x |
| FPH | The company's external auditor is not provided in the context. | 2021 | $222K | $577K | 2.6x |
| ERD | KPMG | 2019 | $190K | $377K | 2.0x |
| ERD | KPMG | 2018 | $190K | $377K | 2.0x |
| BLT | Deloitte | 2014 | $33K | $59K | 1.8x |
| NZM | PricewaterhouseCoopers | 2018 | $502K | $711K | 1.4x |
| MCY | Ernst & Young | 2024 | $63.0M | $81.0M | 1.3x |
| RAD | Baker Tilly Staples Rodway | 2018 | $47K | $48K | 1.0x |
High ratios do not necessarily indicate issues — non-audit services are permitted when approved by audit committees and independence is maintained.
Following a review by the Manager's ultimate parent, Northwest Healthcare Properties REIT, which appointed Deloitte as its external auditor
Auditor rotation after working with the same auditors since the Company was listed in 2004
Good governance practice to change auditor after long period as external auditor
Mandatory auditor rotation in accordance with External Auditor Independence Policy requiring tender and formal assessment at least every 10 years
KPMG identified a conflict of interest after Downer's announcement on 4 March 2024
Mandatory rotation after 15 years as a matter of corporate governance