'Material uncertainty': EMA chief says ‘technicality’ behind auditor’s going concern opinion

Minister of Finance Nicola Willis delivers a pre-budget speech at the EMA in Auckland. (Image: Ben Dickens)

Fri, 06 Dec 2024

The Employers and Manufacturers Association says the going concern opinion made by the organisation’s auditor in its annual report was due to an “audit process technicality”.The financial statements of the Employers and Manufacturers Association (EMA), released on its website in late November, were tagged by its auditor over concerns about its ability to continue as a going concern.New Zealand's largest business association posted a $2.05 million loss in the year to June 30, compounding a further $2m loss the year before.W...

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