New Snippets!

Minority Interests- Perhaps not so minor after all?

A significant change may shortly occur in the reporting and audit requirements for small to medium sized entities (SMEs). SMEs have always been exempt from statutory reporting obligations except for those imposed by the taxation legislation. This may all change very soon with dramatic ramification for those affected.
 
The impending change will create risk for some and opportunities for others! Please contact us to find out more at Shane.Browning@dfkog.co.nz

Fair Value – Do we all know what fair value is?

For those faced with the challenge of complying with accounting standards this concept will become very important over the next two years. Even small clubs and charities which previously did not need to concern themselves will have to start understanding the meaning of fair value as well as other concepts as part of the new standards affecting all entities.
 
The impending changes will require planning and may distract from the more operational activities which normally take precedence! Please contact us to find out more at Shane.Browning@dfkog.co.nz  
  
 
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