This is the first comprehensive study into the needs of users of Tier 2 for-profit entity financial reports in New Zealand. The findings are consistent with our earlier similar research for Tier 1 for-profit entities operating in New Zealand domestic capital markets.
Both groups of users find financial statements useful and they trust them. However, both groups also want to see financial reports continue to evolve and improve, and where possible to be shorter and simpler.
The research will be used to drive discussion and debate around Tier 2 accounting requirements in New Zealand.