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Performance / Pool Audit Completed

Pool Audit Completed

NZKGI is pleased to advise growers that the Independent Audit into the Direct and Indirect Pool Costs for 2016/17 has been completed and is now available for review here.

The purpose of the audit was to provide a level of assurance to growers that allocation of costs is accurate between the Corporate and the Pool and between Pools and was conducted by Pricewaterhouse Coopers.

The audit found no material misstatements and no material errors requiring adjustment.  The auditors made some recommendations for improvement including:

  • Revision of the pool policy manual to avoid ambiguity particularly in the allocation of promotional costs;
  • Improvements in the accounting system including controls – achieved through process improvement and through future system investment