RBNZ wants more readable bank auditors' reports

All registered banks have to publish twice-yearly disclosure statements and to make them readily available on their websites. (Image: Getty)

Staff reporters

Tue, 18 Jan 2022

The Reserve Bank of New Zealand (RBNZ) wants to make bank auditors' reports more readable.The reports are required to provide readers of bank disclosure statements with greater confidence that they are kosher."We have heard concerns that the current requirements result in assurance reports that are complex and hard to read," RBNZ said."So, we are now consulting on changes to the orders in council to rationalise the structure of the assurance reports and hence improve their readability," it said.Orders in council are a ty...

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