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With interest rates on the rise there are more considerations than ever when it comes to preparing your New Zealand International Financial Reporting Standards (NZ IFRS) financial statements. Here’s four key areas CFOs and Directors need to be aware of when preparing their statements this year.

Amid the excitement of securing a deal, significant unforeseen risks can catch you off guard, become extremely expensive to mitigate and can easily derail your post-acquisition strategy. Due diligence can help you strike the right balance between risk and reward.

On International Women's Day (IWD), we celebrate the achievements of women and recognise the work that still needs to be done to promote gender equality. The theme for this year's IWD, "Embrace Equity," emphasises the importance of challenging gender biases and stereotypes to promote gender equality, and to start talking about why equal opportunities are not enough.

Increasing insurance premiums should prompt all business owners to review the level and extent of insurance cover for their organisations. But the question is – where do you start? Are you aware of all of your business risks? Is insurance the best way to mitigate all risks? Which risks does insurance cover? Should you self-insure? Greg Thompson answers these questions and provides some insights into how you can take a risk-based, structured approach to protecting your business.

From asset impairment and future operating losses to insurance recoveries and everything in between, a host of additional financial reporting challenges now faces many businesses after NZ’s recent natural disasters. David Pacey takes you through many of the issues you need to take into consideration and how to ease any year-end accounting headaches early.

What is best practice if you’re seeking growth opportunities in New Zealand’s cooling market? Here’s eight key factors to bear in mind if you're considering M&A.

Some massive opportunities left in the wake of NZ's most recent natural disasters.

If you’re looking to ease the pressure on your operating costs, investing in electronic invoicing (e-invoicing) is a great place to start.

Interest rates have been low for a number of years, so there’s a risk little attention has been given to existing loans, and the relevant transfer pricing policies and documentation are unlikely to be fit for purpose.

Salaries in the Not for Profit sector are notoriously low – and instead of saving money, it’s coming at a high price.

Government departments, fuelled by unprecedented levels of public funding, find themselves in a precarious balancing act. On one hand, they must spend proactively and efficiently to achieve policy outcomes and ensure public money is distributed to those who need it, and on the other, they must ensure the funding is disbursed appropriately and wastage is minimised.

The Commerce Commission’s year-long Market Study into Residential Building Supplies was released in early December 2022, and the conclusion is a masterclass in understatement: competition “is not working as well as it could”.

A thorough financial risk management plan should include protection against financial loss due to the illness, injury, disability, or death of a working owner or ‘key person’. The financial impacts of these scenarios can be instant, long-lasting and in the worst-cases, terminal for your business and potentially your personal assets.

Although the R&D tax credit scheme isn't new, it is often overlooked as a way to help businesses adopt more circular business models, change the design of materials and packaging, and measuring and reducing their impact.

Circular revolutionaries share their insights into creating a low carbon economy

While we grapple with the threat of sustained environmental challenges, corporates and other reporting entities need to consider how the impact of climate change on their organisations is reflected in their financial statements. The key challenge is assessing this within our current accounting framework even when don’t yet have specific climate accounting standards. David Pacey addresses these challenge and how you can report the impact of climate change in your financial statements.