I notice that the non-business owning, secure salaried journalists have got a new tune to sing. We’re starting to read about ‘green shoots’, ‘turning the corner’, ‘the road to recovery’, or perhaps the over used cliché ‘seeing light at the end of the tunnel’.

As a business advisor watching from the front row, I can’t help but think that I’m attending a never-ending theatrical production on business sorcery. Maybe it’s more akin to a performance by the great Harry Houdini, where, in today’s economic landscape, we’re witnessing escapology rather than magical illusions.

New Zealand is about to be subject to a potentially radical shake-up of its financial reporting framework. The changes are significant for some organisations therefore it is important you are aware of the proposed changes and the potential implications for your organisation.