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Comprehensive analysis of NZX audit market concentration, auditor tenure, fee trends, and director-auditor independence cross-references. Based on 156 fee records, 126 current auditor relationships, and 43 auditor changes.
Based on available fee data from annual reports. Coverage varies by year.
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.
“Prior to this she spent seven years at PwC, where she was a senior manager primarily focused on mergers and acquisitions advisory and transaction support”
“Cecilia has been recognised for her contributions to business and entrepreneurship with several awards, most recently as the New Zealand Innovator of the Year 2024, Supreme Winner of the 2017 Women of Influence Awards, Next Magazine Businesswoman of the year 2014 and EY Young Entrepreneur of the Year 2013”
NZX directors whose biographies indicate prior experience at major audit firms. Sorted by firm. 30 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.
Following a review by the Manager's ultimate parent, Northwest Healthcare Properties REIT, which appointed Deloitte as its external auditor
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: 78% of total recorded fees
“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”
“He was awarded the Deloitte Top 200 Chair of the Year in 2023 and in 2019 received the Cooperative Business New Zealand Outstanding Contribution Award”
“She is currently Chair of Infrastructure New Zealand and a Director of Waikato Regional Airport Limited and sits on the KPMG New Zealand Advisory Board”
“Julia began her career at KPMG Advisory (China) Limited before joining OCBC (China) Limited as Assistant Vice President of Global Investment Banking Division”
“Leslie has worked for KPMG Peat Marwick and Bankers Trust in the United States and for Boston Consulting Group and BellSouth / Vodafone in New Zealand”
“He was a partner in PricewaterhouseCoopers for 23 years where he held a number of management and governance responsibilities”
“She also held senior management roles with Coopers and Lybrand (now PwC) and HR Consultancy Right Management”
“John was formerly Chief Executive of AMP Capital New Zealand and has held senior roles at PricewaterhouseCoopers”
“Neal was formerly Chief Financial Officer of Telecom New Zealand and has held senior roles at KPMG”
+ 2 more
| NZM | PricewaterhouseCoopers | 2016 — 2025 | 10yr |
| HLG | PricewaterhouseCoopers | 2017 — 2025 | 9yr |
| SPG | PricewaterhouseCoopers | 2017 — 2025 | 9yr |
| RAD | Baker Tilly Staples Rodway | 2018 — 2025 | 8yr |
| APL | Grant Thornton | 2019 — 2025 | 7yr |
| VCT | KPMG | 2019 — 2025 | 7yr |
| GNE | Deloitte | 2016 — 2022 | 7yr |
| RBD | PricewaterhouseCoopers | 2016 — 2022 | 7yr |
| DOW | KPMG | 2015 — 2021 | 7yr |
| MFB | Ernst & Young | 2021 — 2025 | 5yr |
| FWL | PricewaterhouseCoopers | 2014 — 2018 | 5yr |
| DOW | Deloitte | 2010 — 2014 | 5yr |
| GTK | Ernst & Young | 2022 — 2025 | 4yr |
| WIN | Ernst & Young | 2022 — 2025 | 4yr |
| MEL | Deloitte | 2015 — 2018 | 4yr |
| AGL | Deloitte | 2023 — 2025 | 3yr |
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 |
| NZM | PricewaterhouseCoopers | 2018 | $502K | $711K | 1.4x |
| 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.
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
Good governance practice to change auditor after long period of service
Cost reduction and audit fee review