Financial management and oversight

Guidance on financial management during COVID-19 for directors and business leaders. 

type
Resource
author
By Institute of Directors
date
24 Aug 2021
read time
1 min to read
maze pattern

Institute of Directors

Practical advice for directors of distressed companies (IoD and KPMG) identifies company failure and practical steps and guidance for boards.

See our solvency test checklist for directors which sets out considerations in assessing solvency.

See our resources for small businesses during COVID-19. Also see ASB's business support hub for SMEs

COVID-19 and tax: the implications for governance considers the tax developments that directors should be aware of in relation to the COVID-19 support measures for businesses.

The essentials of being a director guide, Ngā mea Waiwai o te Tūranga Whakataka (IoD and FMA). This guide outlines the main areas of focus for effective directors. Available for download.

Other resources

Business.govt.nz provides a summary of the financial support available to help your business and employees through the response to COVID-19.

They also provides guidance and resources on business finance basics including on getting paid on time, cash-flow forecasting and what to do if your business is operating at a loss.

See KPMG guidance for distressed companies during the pandemic.

The FMA has an information hub for information in response to COVID-19

The FMA and External Reporting Board have released a joint review of key audit matters. See the Advanced auditor reporting article on the XRB website.

The FMA and NZX have provided some relief and waivers to assist issuers in the current environment. See the Legal, regulatory and compliance webpage

The Auditor-General wrote to the chief executives of a range of public agencies about important governance matters to consider during the response to the pandemic.

See KPMG's guide to maintaining enterprise resilience, created to help enterprises in New Zealand alleviate the business impact of the pandemic. (Registration required)

Business.govt.nz has guidance and resources on business finance basics including on getting paid on time, cash-flow forecasting and what to do if your business is operating at a loss.

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