
News
Fin coys to lose their provisioning cushion
Monday 18th of September 2006
KPMG partner Matt Prichard there has been some criticism of about the disclosuresbeing made of bad and doubtful debts.However, he says, new accounting rules should significantly improve this information.
"New Zealand historically lacks accounting rules on how finance companies should calculate their provision for doubtful debts. Current practice by most finance companies has been to revie...
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