Diligent may breach listing rules for using US auditor

Mon, 25 Mar 2013

By Paul McBeth March 26 (BusinessDesk) - Diligent Board Member Services faces breaching listing rules after the stock exchange regulator refused an application to waive its use of an American auditor without a local licence. NZX Regulation declined a waiver from listing rules that would let Diligent off the hook for not using an auditor with a local licence, according to a decision published on the stock exchange yesterday. Diligent replaced its chief financial officer and general counsel last week over compliance missteps. The software mak...

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