REVIEW OF FINANCIAL REPORTING BY ISSUERS
CYCLE 6

CONTENTS

EXECUTIVE SUMMARY
INTRODUCTION

The Commission's Financial Reporting Surveillance Programme
New Zealand Generally Accepted Accounting Practice (NZ GAAP)
Selecting issuers

CYCLE 6: AN OVERVIEW

Scope
Overall Comments
Outcome of Matters Raised
Referral to NZX
Moving to NZ IFRS
Getting the "basics" right
"Industry practices"

CYCLE 6 SPECIFIC FINDINGS

Matters relating to NZ IFRS financial statements
Matters relating to previous NZ GAAP financial statements
Market matters

Substantial security holder information
Director share dealings
NZX referral

ONGOING REVIEW AND ENFORCEMENT

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