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XRB issues research report on APMs

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10 Jul 2017

The New Zealand External Reporting Board (XRB) has released a research report on findings from a survey which examined how alternative performance measures (APMs) are viewed by users in New Zealand.

The report included the following survey results:

  • Most surveyed believe APMs are useful for assessing a company’s performance as a supplement to GAAP measures.
  • Explanations on APMs used are critical in understanding the APMs and its relationship to GAAP measures.
  • Some respondents did not agree with the choice of certain APMs.
  • Re­spon­dents prefer to have clear and standardized definitions applied to APMs.
  • Some respondents are skeptical in the application of APMs since they may have a tendency to portray more favorable results when compared against the GAAP measures.
  • Majority of respondents feel that APMs should be assured.

For more information, see the report summary and full report on the XRB's Web site.

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