Sydney-based auditor Scott Bennison, a chartered accountant, had his audit licence cancelled by New Zealand’s Financial Markets Authority for breaching rules.
A New Zealand regulator has stripped an Australian accountant of auditor registration in that country after it was found that the Sydney-based auditor had breached audit rules.
Sydney-based auditor Scott Bennison, a chartered accountant, had his audit licence cancelled by New Zealand’s Financial Markets Authority in the past week.
The FMA’s decision to terminate Bennison’s audit registration was announced in a pithy media release, but there was no accompanying document that detailed the full grounds for the decision in a similar manner to what would occur in Australia through either the Australian Securities and Investments Commission or the Company Auditors Disciplinary Board.