KEY POINTS:
The Securities Commission yesterday said it was pleased with the overall quality of financial reporting in this country.
But it did find the same matters cropping up. All NZX issues, other than some dual or overseas listed entities, had now been reviewed at least once.
The commission said that in Cycle 7 it wrote to 17 of the 44 issuers reviewed. It raised matters mainly about related party disclosures, financial instruments and certain essential disclosures.
Among other actions, it also referred an audit firm to the New Zealand Institute of Chartered Accountants in relation to whether fee dependency posed a possible threat to the audit firm's independence.
