[2020] NZREADT 03 - AJS Rental Realty Ltd (14 February 2020) [pdf, 164 KB]
...auditor, but failed to do so. [12] Ms Woolley submitted that compliance with the audit regulations is not in the category of “something that is nice to have”. Rather, she submitted, compliance is mandatory, and an essential part of the consumer-protection function of the Act. She further submitted that the Agency had been put on notice by its auditor that its practices fell significantly short of the regulatory requirements, and that those shortcomings could lead to a breach o...