Regulatory deadpan of the day

By Felix Salmon
September 1, 2009
Otto, a letter from the head of market supervision at the New Zealand stock exchange, to the company secretary of NZ Farming Systems Uruguay Limited, a company listed there:

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Via Otto, a letter from the head of market supervision at the New Zealand stock exchange, to the company secretary of NZ Farming Systems Uruguay Limited, a company listed there:

Note 3 to the Financial Statements, regarding depreciation, included the comment “fudge this to equal depn in FA note 11 $2391 – via no ca” (“the comment”). The comment has caused NZX, and the market, concern that the Financial Statements may not be accurate.

Oops.

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