In the early days of New Zealand’s COVID-19-induced lockdown, market commentators speculated on the likely impact on financial reporting. Many of this country’s largest businesses have now reported their full-year earnings and released financial statements. In our overview, we examine the implications of the pandemic on financial reporting and how auditors have responded.
We focus on March to May NZX50 reporters who were among the first to grapple with the consequences of COVID-19.
This overview follows our earlier paper looking into the likely impact of COVID-19 on audit reports published in May 2020.
If you have any questions or would like to know more, please get in touch.