Sharechat Logo

Securities Commission to assess impact of credit squeeze

Thursday 4th September 2008

Text too small?
The Securities Commission will examine how well companies have adjusted to the global credit squeeze and weakening property market in their financial reporting.

The regulator will review company reports for the year ended June 30 as part of its Financial Reporting Surveillance programme, focusing on treatment of impaired assets, classification of debt, goodwill disclosures and determining fair market values.

"All participants involved in the financial reporting process need to understand the potential impact of current market turbulence on the issuer, particularly the liquidity squeeze and a degree of softening in the property sector," chief accountant Alastair Boult said.

By Jonathan Underhill



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

PFI - Q3 Div & Upgraded FY25 Div Guidance, FY26 Div Guidance
AIA - Auckland Airport announces leadership team change
May 9th Morning Report
May 8th Morning Report
NZME Takeovers Panel determination
MNW - Commerce Commission clears the Contact Energy acquisition
May 7th Morning Report
General Capital Appoints New CFO
SUM - Summerset Considers Retail Bond Offer
SKC - Updated FY25 Full Year Earnings Guidance