Norway's Financial Supervisory Authority (Finanstilsynet) has ordered Havila Shipping to reassess vessel impairment accounting for the first half of 2020.
The authority's examination of the Oslo-listed offshore shipping company's accounts began in March 2020 and has now been concluded.
Finanstilsynet found three unspecified errors and concluded that the company's impairment testing of ships was not performed in accordance with IAS 36 accounting rules.
