Investors OK with use of non-GAAP measures, confused about whether they are audited: XRB

Thu, 13 Jul 2017

By Jonathan Underhill July 13 (BusinessDesk) - New Zealand investors are generally happy to rely on alternative financial reporting measures used by companies, provided they also have access to GAAP numbers, but are confused about whether the non-standard numbers are audited. Generally, they aren't. That's one of the conclusions of a survey released this month by the External Reporting Board, the statutory body that sets reporting standards required under a range of New Zealand laws including the Companies Act. The XRB surveyed 87 externa...

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