The report draws on the FMA’s review of 60 sets of audited financial statements and its monitoring of lodgement behaviour for the wider population of FMC reporting entities between July 2022 and June 2025. Jacco Moison, head of audit, financial reporting, and climate‑related disclosures at the FMA, said the operating environment is affecting how investors interpret financial statements. “Investors need to be able to understand how relevant market conditions were considered at the time the financial statements were prepared. This becomes even more important when economic instability, global tensions, and rapid market shifts are creating greater uncertainty. High-quality reporting enables investors to assess resilience, understand emerging risks, and make well informed decisions with confidence,” Moison said.
