Scoop has an Ethical Paywall
Work smarter with a Pro licence Learn More

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search


Review of Financial Reporting Act continues

17 November 2004

Review of Financial Reporting Act continues

Commerce Minister Margaret Wilson today released a second discussion document on the review of the Financial Reporting Act 1993.

Issues covered in the document include: The appropriate institutional and enforcement arrangements for financial reporting; Several matters relating to the mechanics and practicalities of financial reporting; and The appropriate regime for setting auditing standards.

The discussion document seeks submissions on areas of the Financial Reporting Act not addressed in an earlier document released in March.

It also sets out a revised set of proposals on who should provide financial reports, following feedback from March's discussion paper.

“The aim of this review is to ensure New Zealand’s financial reporting regime is tailored to the country’s unique environment and strikes a balance between the costs and benefits of financial reporting," Margaret Wilson said. "It must also be flexible enough to take into account future changes in New Zealand and internationally.”

Copies of the discussion document are available by request from the Ministry of Economic Development, or from the Ministry’s website, The closing date for submissions is Friday, 25 February 2005.


Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

© Scoop Media

Advertisement - scroll to continue reading
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Perils Of Joining AUKUS Pillar Two

The lure for New Zealand to join the AUKUS military alliance is that membership of only its “second pillar” will still (supposedly) give us access to state of the art military technologies. As top US official Kurt Campbell said during his visit to Wellington a year ago:
...We've been gratified by how many countries want to join with us to work with cutting-edge technologies like in the cyber arena, hypersonics, you can go down a long list and it's great to hear that New Zealand is interested...


ACT: New Zealand Dodges Dopey Experiment In Prohibition

“Labour’s attempted crackdown on smokers would have delivered criminal groups a near-monopoly over the cigarette trade,” says ACT Health spokesman Todd Stephenson... More

Government: Backs Police To Crackdown On Gangs
The coalition Government is restoring law and order by providing police new tools to crack down on criminal gangs, says Justice Minister Paul Goldsmith and Police Minister Mark Mitchell. “Over the last five years gangs have recruited more than 3000 members, a 51 per cent increase... More

Government: Humanitarian Support For Gaza & West Bank

Winston Peters has announced NZ is providing a further $5M to respond to the extreme humanitarian need in Gaza and the West Bank. “The impact of the Israel-Hamas conflict on civilians is absolutely appalling," he said... More

Government: New High Court Judge Appointed

Judith Collins has announced the appointment of Wellington Barrister Jason Scott McHerron as a High Court Judge. Justice McHerron graduated from the University of Otago with a BA in English Literature in 1994 and an LLB in 1996... More




InfoPages News Channels


Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.