Financial Markets Authority Cancels Auditor's License in Cooperation with ASIC
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
What happened
The Financial Markets Authority cancelled the New Zealand license of Sydney-based auditor Mr Scott Bennison on October 7, 2026. The cancellation occurred because Mr Bennison failed to comply with multiple conditions of his license. These failures were primarily related to his work as engagement quality reviewer on the audit of Greenfern Industries Limited’s group financial statements for the year ended March 31, 2024. The Financial Markets Authority noted that the decision followed the statutory process and thanked ASIC for their cooperation.
From scoop.co.nz
Why it matters
The action highlights regulatory oversight regarding financial reporting standards in New Zealand. The Financial Markets Authority and ASIC cooperate in their regulatory functions, ensuring compliance among financial service providers operating in Sydney.
From scoop.co.nz
Who's involved
- ASICCooperated with the Financial Markets Authority in the cancellation of the license.
- Financial Markets AuthorityCancelled the auditor's license for failure to comply with multiple conditions.
- SydneyLocation where the auditor was based and where the Financial Markets Authority regulates activities.
Keep exploring
The entities involved
-
ASIC
organization
-
Financial Markets Authority
Financial regulator in New Zealand
Nothing else this week.
-
Sydney
capital city of New South Wales, Australia