KEY POINTS:
The head of the New Zealand Securities Commission has been appointed to a global advisory group looking at urgent accounting issues arising from the world-wide financial crisis.
Commission chairwoman Jane Diplock will join the Financial Crisis Advisory Group, which was set up by the International Accounting Standards Board and the United States Financial Accounting Standards Board in December.
Its purpose is to advise about standards setting implications of the global financial crisis and potential changes to the global regulatory environment.
It will identify significant accounting matters for urgent consideration as well as long-term issues, and will report within six months.
Ms Diplock, also the chairwoman of the executive committee of the International Organization of Securities Commissions, is the only representative from Australasia.
- NZPA