Pyne Gould to restate 2014 accounts with lower profit, assets after Torchlight audit

Tue, 07 Jul 2015

By Suze Metherell July 7 (BusinessDesk) - Pyne Gould Corp, the asset management firm controlled by managing director George Kerr, will restate its 2014 accounts, reducing profit and net assets by 7 million British pounds, after receiving the audited accounts of associate Torchlight Fund LP. The Guernsey-based firm was fined and censured by the NZ Markets Disciplinary Tribunal in January over the delayed release of its annual report, which had been tagged by auditor PwC, over the firm's inability to obtain sufficient information about Pyn...

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