References
Every standard this handbook refers to
Each entry names the standard, the paragraph cited, the publisher, the address of the publisher's own document, and a short passage from it so you can see what the reference rests on.
This handbook quotes and refers to published standards. The standards themselves belong to their publishers and are not reproduced here; follow the source link in each entry to read the document at its source. The reference set was built from the publishers' documents on 2026-09-22, and every reference below was checked against the text of the document named beside it.
71 references, drawn from 117 standards and 3 IAASB Handbook volumes held in the ByteBook standards library.
Accounting standards
NZ IAS 1.10
NZ IAS 1 Presentation of Financial Statements
- Publisher
- XRB
- Applies from
- 1 Jan 2024
- Source
- www.xrb.govt.nz/dmsdocument/4978/
- Cited in
- chapter 4, chapter 17
Financial statements Purpose of financial statements 9 Financial statements are a structured representation of the financial position and financial performance of an entity.…
NZ IAS 1.117
NZ IAS 1 Presentation of Financial Statements
- Publisher
- XRB
- Applies from
- 1 Jan 2024
- Source
- www.xrb.govt.nz/dmsdocument/4978/
- Cited in
- chapter 17
An entity shall disclose material accounting policy information (see paragraph 7).…
NZ IAS 1.122
NZ IAS 1 Presentation of Financial Statements
- Publisher
- XRB
- Applies from
- 1 Jan 2024
- Source
- www.xrb.govt.nz/dmsdocument/4978/
- Cited in
- chapter 17
An entity shall disclose, along with material accounting policy information or other notes, the judgements, apart from those involving estimations (see paragraph 125), that management has made in the process of applying the entity’s account…
NZ IAS 1.125
NZ IAS 1 Presentation of Financial Statements
- Publisher
- XRB
- Applies from
- 1 Jan 2024
- Source
- www.xrb.govt.nz/dmsdocument/4978/
- Cited in
- chapter 17
An entity shall disclose information about the assumptions it makes about the future, and other major sources of estimation uncertainty at the end of the reporting period, that have a significant risk of resulting in a material adjustment t…
NZ IAS 1.15
NZ IAS 1 Presentation of Financial Statements
- Publisher
- XRB
- Applies from
- 1 Jan 2024
- Source
- www.xrb.govt.nz/dmsdocument/4978/
- Cited in
- chapter 4, chapter 17, chapter 19
Financial statements shall present fairly the financial position, financial performance and cash flows of an entity.…
NZ IAS 1.54
NZ IAS 1 Presentation of Financial Statements
- Publisher
- XRB
- Applies from
- 1 Jan 2024
- Source
- www.xrb.govt.nz/dmsdocument/4978/
- Cited in
- chapter 9, chapter 17, chapter 19
The statement of financial position shall include line items that present the following amounts: (a) property, plant and equipment; (b) investment property; (c) intangible assets; (d) financial assets (excluding amounts shown under (e), (h)…
NZ IAS 1.82
NZ IAS 1 Presentation of Financial Statements
- Publisher
- XRB
- Applies from
- 1 Jan 2024
- Source
- www.xrb.govt.nz/dmsdocument/4978/
- Cited in
- chapter 17
In addition to items required by other NZ IFRSs, the profit or loss section or the statement of profit or loss shall include line items that present the following amounts for the period: (a) revenue, presenting separately: (i) interest reve…
NZ IAS 1.99
NZ IAS 1 Presentation of Financial Statements
- Publisher
- XRB
- Applies from
- 1 Jan 2024
- Source
- www.xrb.govt.nz/dmsdocument/4978/
- Cited in
- chapter 9, chapter 17, chapter 19
An entity shall present an analysis of expenses recognised in profit or loss using a classification based on either their nature or their function within the entity, whichever provides information that is reliable and more relevant.…
NZ IAS 10.10
NZ IAS 10 Events after the Reporting Period
- Publisher
- XRB
- Applies from
- 1 Jan 2020
- Source
- www.xrb.govt.nz/dmsdocument/3129/
- Cited in
- chapter 10, chapter 17
An entity shall not adjust the amounts recognised in its financial statements to reflect non -adjusting events after the reporting period.…
NZ IAS 10.8
NZ IAS 10 Events after the Reporting Period
- Publisher
- XRB
- Applies from
- 1 Jan 2020
- Source
- www.xrb.govt.nz/dmsdocument/3129/
- Cited in
- chapter 10, chapter 17, chapter 19
An entity shall adjust the amounts recognised in its financial statements to reflect adjusting events after the reporting period.…
NZ IAS 12.46
NZ IAS 12 Income Taxes
- Publisher
- XRB
- Applies from
- 1 Jan 2023
- Source
- www.xrb.govt.nz/dmsdocument/5051/
- Cited in
- chapter 8, chapter 17, chapter 19
Current tax liabilities (assets) for the current and prior periods shall be measured at the amount expected to be paid to (recovered from) the taxation authorities, using the tax rates (and tax laws) that have been enacted or substantively…
NZ IAS 16.15
NZ IAS 16 Property, Plant and Equipment
- Publisher
- XRB
- Applies from
- 1 Jan 2023
- Source
- www.xrb.govt.nz/dmsdocument/6004/
- Cited in
- chapter 6, chapter 17, chapter 19
An item of property, plant and equipment that qualifies for recognition as an asset shall be measured at its cost.…
NZ IAS 16.50
NZ IAS 16 Property, Plant and Equipment
- Publisher
- XRB
- Applies from
- 1 Jan 2023
- Source
- www.xrb.govt.nz/dmsdocument/6004/
- Cited in
- chapter 10, chapter 17
The depreciable amount of an asset shall be allocated on a systematic basis over its useful life.…
NZ IAS 16.55
NZ IAS 16 Property, Plant and Equipment
- Publisher
- XRB
- Applies from
- 1 Jan 2023
- Source
- www.xrb.govt.nz/dmsdocument/6004/
- Cited in
- chapter 6, chapter 17
Depreciation of an asset begins when it is available for use, ie when it is in the location and condition necessary for it to be capable of operating in the manner intended by management.…
NZ IAS 2.10
NZ IAS 2 Inventories
- Publisher
- XRB
- Applies from
- 1 Jan 2019
- Source
- www.xrb.govt.nz/dmsdocument/2803/
- Cited in
- chapter 10, chapter 17
The cost of inventories shall comprise all costs of purchase, costs of conversion and other costs incurred in bringing the inventories to their present location and condition.…
NZ IAS 2.25
NZ IAS 2 Inventories
- Publisher
- XRB
- Applies from
- 1 Jan 2019
- Source
- www.xrb.govt.nz/dmsdocument/2803/
- Cited in
- chapter 10, chapter 17, chapter 21
The cost of inventories, other than those dealt with in paragraph 23, shall be assigned by using the first- in, first-out (FIFO) or weighted average cost formula.…
NZ IAS 2.28
NZ IAS 2 Inventories
- Publisher
- XRB
- Applies from
- 1 Jan 2019
- Source
- www.xrb.govt.nz/dmsdocument/2803/
- Cited in
- chapter 10, chapter 17, chapter 21
The cost of inventories may not be recoverable if those inventories are damaged, if they have become wholly or partially obsolete, or if their selling prices have declined.…
NZ IAS 2.9
NZ IAS 2 Inventories
- Publisher
- XRB
- Applies from
- 1 Jan 2019
- Source
- www.xrb.govt.nz/dmsdocument/2803/
- Cited in
- chapter 3, chapter 10, chapter 17, chapter 21
Inventories shall be measured at the lower of cost and net realisable value.…
NZ IAS 21.21
NZ IAS 21 The Effects of Changes in Foreign Exchange Rates
- Publisher
- XRB
- Applies from
- 1 Jan 2025
- Source
- www.xrb.govt.nz/dmsdocument/5085/
- Cited in
- chapter 17
A foreign currency transaction shall be recorded, on initial recognition in the functional currency, by applying to the foreign currency amount the spot exchange rate between the functional currency and the foreign currency at the date of t…
NZ IAS 21.38
NZ IAS 21 The Effects of Changes in Foreign Exchange Rates
- Publisher
- XRB
- Applies from
- 1 Jan 2025
- Source
- www.xrb.govt.nz/dmsdocument/5085/
- Cited in
- chapter 17
An entity may present its financial statements in any currency (or currencies). If the presentation currency differs from the entity’s functional currency, it translates its results and financial position into the presentation currency.…
NZ IAS 37.14
NZ IAS 37 Provisions, Contingent Liabilities and Contingent Assets
- Publisher
- XRB
- Applies from
- 1 Jan 2023
- Source
- www.xrb.govt.nz/dmsdocument/4341/
- Cited in
- chapter 10, chapter 17
A provision shall be recognised when: (a) an entity has a present obligation (legal or constructive) as a result of a past event; (b) it is probable that an outflow of resources embodying economic benefits will be required to settle the obl…
NZ IAS 37.36
NZ IAS 37 Provisions, Contingent Liabilities and Contingent Assets
- Publisher
- XRB
- Applies from
- 1 Jan 2023
- Source
- www.xrb.govt.nz/dmsdocument/4341/
- Cited in
- chapter 17
The amount recognised as a provision shall be the best estimate of the expenditure required to settle the present obligation at the end of the reporting period.…
NZ IAS 7.10
NZ IAS 7 Statement of Cash Flows
- Publisher
- XRB
- Applies from
- 1 Jan 2026
- Source
- www.xrb.govt.nz/dmsdocument/5453/
- Cited in
- chapter 9, chapter 17, chapter 19
The statement of cash flows shall report cash flows during the period classified by operating, investing and financing activities.…
NZ IAS 7.18
NZ IAS 7 Statement of Cash Flows
- Publisher
- XRB
- Applies from
- 1 Jan 2026
- Source
- www.xrb.govt.nz/dmsdocument/5453/
- Cited in
- chapter 9, chapter 17, chapter 19
An entity shall report cash flows from operating activities using either: (a) the direct method, whereby major classes of gross cash receipts and gross cash payments are disclosed; or (b) the indirect method, whereby profit or loss is adjus…
NZ IAS 7.43
NZ IAS 7 Statement of Cash Flows
- Publisher
- XRB
- Applies from
- 1 Jan 2026
- Source
- www.xrb.govt.nz/dmsdocument/5453/
- Cited in
- chapter 9, chapter 17
Investing and financing transactions that do not require the use of cash or cash equivalents shall be excluded from a statement of cash flows.…
NZ IAS 8.36
NZ IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors
- Publisher
- XRB
- Applies from
- 1 Jan 2023
- Source
- www.xrb.govt.nz/dmsdocument/4326/
- Cited in
- chapter 6, chapter 17
The effect of a change in an accounting estimate, other than a change to which paragraph 37 applies, shall be recognised prospectively by including it in profit or loss in: (a) the period of the change, if the change affects that period onl…
NZ IAS 8.42
NZ IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors
- Publisher
- XRB
- Applies from
- 1 Jan 2023
- Source
- www.xrb.govt.nz/dmsdocument/4326/
- Cited in
- chapter 6, chapter 17, chapter 19
Subject to paragraph 43, an entity shall correct material prior period errors retrospectively in the first set of financial statements authorised for issue after their discovery by: (a) restating the comparative amounts for the prior period…
NZ IFRS 15.31
NZ IFRS 15 Revenue from Contracts with Customers
- Publisher
- XRB
- Applies from
- 1 Jan 2023
- Source
- www.xrb.govt.nz/dmsdocument/4319/
- Cited in
- chapter 4, chapter 17, chapter 19, chapter 21
An entity shall recognise revenue when (or as) the entity satisfies a performance obligation by transferring a promised good or service (ie an asset) to a customer.…
NZ IFRS 15.38
NZ IFRS 15 Revenue from Contracts with Customers
- Publisher
- XRB
- Applies from
- 1 Jan 2023
- Source
- www.xrb.govt.nz/dmsdocument/4319/
- Cited in
- chapter 17
If a performance obligation is not satisfied over time in accordance with paragraphs 35–37, an entity satisfies the performance obligation at a point in time.…
NZ IFRS 15.46
NZ IFRS 15 Revenue from Contracts with Customers
- Publisher
- XRB
- Applies from
- 1 Jan 2023
- Source
- www.xrb.govt.nz/dmsdocument/4319/
- Cited in
- chapter 17
When (or as) a performance obligati on is satisfied, an entity shall recognise as revenue the amount of the transaction price (which excludes estimates of variable consideration that are constrained in accordance with paragraphs 56–58) that…
NZ IFRS 16.22
NZ IFRS 16 Leases
- Publisher
- XRB
- Applies from
- 1 Jan 2024
- Source
- www.xrb.govt.nz/dmsdocument/5049/
- Cited in
- chapter 10, chapter 17
At the commencement date, a lessee shall recognise a right-of-use asset and a lease liability.…
NZ IFRS 16.9
NZ IFRS 16 Leases
- Publisher
- XRB
- Applies from
- 1 Jan 2024
- Source
- www.xrb.govt.nz/dmsdocument/5049/
- Cited in
- chapter 10, chapter 17
At inception of a contract, an entity shall assess whether the contract is, or contains, a lease.…
NZ IFRS 9.5.5.15
NZ IFRS 9 Financial Instruments
- Publisher
- XRB
- Applies from
- 1 Jan 2026
- Source
- www.xrb.govt.nz/dmsdocument/5465/
- Cited in
- chapter 5, chapter 17, chapter 19
Despite paragraphs 5.5.3 and 5.5.5, an entity shall always measure the loss allowance at an amount equal to lifetime expected credit losses for: (a) trade receivables or contract assets that result from transactions that are within the scop…
Auditing standards
ISA (NZ) 200.11
ISA (NZ) 200 Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with International Standards on Auditing (New Zealand)
- Publisher
- XRB
- Applies from
- 1 Jan 2024
- Source
- www.xrb.govt.nz/dmsdocument/5071/
- Cited in
- chapter 18
In conducting an audit of financial statements, the overall objectives of the auditor are: (a) To obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or err…
ISA (NZ) 230.14
ISA (NZ) 230 Audit Documentation
- Publisher
- XRB
- Applies from
- 15 Dec 2023
- Source
- www.xrb.govt.nz/dmsdocument/4914/
- Cited in
- chapter 14, chapter 18, chapter 19
The auditor shall assemble the audit documentation in an audit file and complete the administrative process of assembling the final audit file on a timely basis after the date of the auditor’s report. (Ref: Para. A21-A22) 15.…
ISA (NZ) 230.7
ISA (NZ) 230 Audit Documentation
- Publisher
- XRB
- Applies from
- 15 Dec 2023
- Source
- www.xrb.govt.nz/dmsdocument/4914/
- Cited in
- chapter 11, chapter 18
The auditor shall prepare audit documentation on a timely basis. (Ref: Para. A1) Documentation of the Audit Procedures Performed and Audit Evidence Obtained Form, Content and Extent of Audit Documentation 8.…
ISA (NZ) 230.8
ISA (NZ) 230 Audit Documentation
- Publisher
- XRB
- Applies from
- 15 Dec 2023
- Source
- www.xrb.govt.nz/dmsdocument/4914/
- Cited in
- chapter 11, chapter 18, chapter 19
The auditor shall prepare audit documentation that is sufficient to enable an experienced auditor, having no previous connection with the audit, to understand: (Ref: Para.…
ISA (NZ) 240.27
ISA (NZ) 240 The Auditor's Responsibilities Relating to Fraud in an Audit of Financial Statements
- Publisher
- XRB
- Applies from
- 15 Dec 2023
- Source
- www.xrb.govt.nz/dmsdocument/4916/
- Cited in
- chapter 13, chapter 18
When identifying and assessing the risks of material misstatement due to fraud, the auditor shall, based on a presumption that there are risks of fraud in revenue recognition, evaluate which types of revenue, revenue transactions or asserti…
ISA (NZ) 240.32
ISA (NZ) 240 The Auditor's Responsibilities Relating to Fraud in an Audit of Financial Statements
- Publisher
- XRB
- Applies from
- 15 Dec 2023
- Source
- www.xrb.govt.nz/dmsdocument/4916/
- Cited in
- chapter 13, chapter 18, chapter 19
Management is in a unique position to perpetrate fraud because of management’s ability to manipulate accounting records and prepare fraudulent financial statements by overriding controls that otherwise appear to be operating effectively.…
ISA (NZ) 265.8
ISA (NZ) 265 Communicating Deficiencies in Internal Control to Those Charged with Governance and Management
- Publisher
- XRB
- Applies from
- 15 Dec 2021
- Source
- www.xrb.govt.nz/dmsdocument/4054/
- Cited in
- chapter 18
If the auditor has identified one or more deficiencies in internal control, the auditor shall determine, on the basis of the audit work performed, whether, individually or in combination, they constitute significant deficiencies.…
ISA (NZ) 300.8
ISA (NZ) 300 Planning an Audit of Financial Statements
- Publisher
- XRB
- Applies from
- 15 Dec 2023
- Source
- www.xrb.govt.nz/dmsdocument/4919/
- Cited in
- chapter 18
In establishing the overall audit strategy, the auditor shall consider the information obtained from complying with the requirements of ISA (NZ) 220 (Revised) and: (a) Identify the characteristics of the engagement that define its scope; (b…
ISA (NZ) 315.25
ISA (NZ) 315 Identifying and Assessing the Risks of Material Misstatement
- Publisher
- XRB
- Applies from
- 15 Dec 2023
- Source
- www.xrb.govt.nz/dmsdocument/4921/
- Cited in
- chapter 18
The auditor shall obtain an understanding of the entity’s information system and communication relevant to the preparation of the financial statements , through performing risk assessment procedures, by: (Ref: Para.…
ISA (NZ) 315.28
ISA (NZ) 315 Identifying and Assessing the Risks of Material Misstatement
- Publisher
- XRB
- Applies from
- 15 Dec 2023
- Source
- www.xrb.govt.nz/dmsdocument/4921/
- Cited in
- chapter 18
The auditor shall identify the risks of material misstatement and determine whether they exist at: (Ref: Para. A186–A192) (a) The financial statement level; (Ref: Para.…
ISA (NZ) 320.10
ISA (NZ) 320 Materiality in Planning and Performing an Audit
- Publisher
- XRB
- Applies from
- 15 Dec 2023
- Source
- www.xrb.govt.nz/dmsdocument/4922/
- Cited in
- chapter 18
When establishing the overall audit strategy, the auditor shall determine materiality for the financial statements as a whole.…
ISA (NZ) 320.11
ISA (NZ) 320 Materiality in Planning and Performing an Audit
- Publisher
- XRB
- Applies from
- 15 Dec 2023
- Source
- www.xrb.govt.nz/dmsdocument/4922/
- Cited in
- chapter 18
The auditor shall determine performance materiality for purposes of assessing the risks of material misstatement and determining the nature, timing and extent of further audit procedures. (Ref: Para.…
ISA (NZ) 330.18
ISA (NZ) 330 The Auditor’s Responses to Assessed Risks
- Publisher
- XRB
- Applies from
- 15 Dec 2021
- Source
- www.xrb.govt.nz/dmsdocument/4058/
- Cited in
- chapter 18
Irrespective of the assessed risks of material misstatement, the auditor shall design and perform substantive procedures for each material class of transactions, account balance, and disclosure. (Ref: Para. A43-A49) 19.…
ISA (NZ) 330.6
ISA (NZ) 330 The Auditor’s Responses to Assessed Risks
- Publisher
- XRB
- Applies from
- 15 Dec 2021
- Source
- www.xrb.govt.nz/dmsdocument/4058/
- Cited in
- chapter 18
The auditor shall design and perform further audit procedures whose nature, timing, and extent are based on and are responsive to the assessed risks of material misstatement at the assertion level. (Ref: Para. A4-A8, A43-A54) 7.…
ISA (NZ) 450.8
ISA (NZ) 450 Evaluation of Misstatements Identified during the Audit
- Publisher
- XRB
- Applies from
- 15 Dec 2021
- Source
- www.xrb.govt.nz/dmsdocument/4060/
- Cited in
- chapter 18, chapter 19
The auditor shall communicate, unless prohibited by law or regulation, on a timely basis all misstatements accumulated during the audit with the appropriate level of management.3 The auditor shall request management to correct those misstat…
ISA (NZ) 500.6
ISA (NZ) 500 Audit Evidence
- Publisher
- XRB
- Applies from
- 15 Dec 2022
- Source
- www.xrb.govt.nz/dmsdocument/4625/
- Cited in
- chapter 6, chapter 18, chapter 19
The auditor shall design and perform audit procedures that are appropriate in the circumstances for the purpose of obtaining sufficient appropriate audit evidence. (Ref: Para. A5-A29) Information to Be Used as Audit Evidence 7.…
ISA (NZ) 500.7
ISA (NZ) 500 Audit Evidence
- Publisher
- XRB
- Applies from
- 15 Dec 2022
- Source
- www.xrb.govt.nz/dmsdocument/4625/
- Cited in
- chapter 6, chapter 12, chapter 18, chapter 19
When designing and performing audit procedures, the auditor shall consider the relevance and reliability of the information to be used as audit evidence, including information obtained from an external information source. (Ref: Para.…
ISA (NZ) 505.10
ISA (NZ) 505 External Confirmations
- Publisher
- XRB
- Applies from
- 15 Dec 2021
- Source
- www.xrb.govt.nz/dmsdocument/4063/
- Cited in
- chapter 5, chapter 7, chapter 18, chapter 19
If the auditor identifies factors that give rise to doubts about the reliability of the response to a confirmation request, the auditor shall obtain further audit evidence to resolve those doubts. (Ref: Para. A11-A16) 11.…
ISA (NZ) 520.5
ISA (NZ) 520 Analytical Procedures
- Publisher
- XRB
- Applies from
- 15 Dec 2021
- Source
- www.xrb.govt.nz/dmsdocument/4065/
- Cited in
- chapter 18, chapter 19
When designing and performing substantive analytical procedures, either alone or in combination with tests of details , as substantive procedures in accordance with ISA (NZ) 330,3 the auditor shall: (Ref: Para.…
ISA (NZ) 550.13
ISA (NZ) 550 Related Parties
- Publisher
- XRB
- Applies from
- 15 Dec 2023
- Source
- www.xrb.govt.nz/dmsdocument/4926/
- Cited in
- chapter 6, chapter 18
The auditor shall enquire of management regarding: (a) The identity of the entity’s related parties, including changes from the prior period; (Ref: Para.…
ISA (NZ) 560.10
ISA (NZ) 560 Subsequent Events
- Publisher
- XRB
- Applies from
- 15 Dec 2021
- Source
- www.xrb.govt.nz/dmsdocument/4069/
- Cited in
- chapter 10
The auditor has no obligation to perform any audit procedures regarding the financial statements after the date of the auditor’s report.…
ISA (NZ) 560.6
ISA (NZ) 560 Subsequent Events
- Publisher
- XRB
- Applies from
- 15 Dec 2021
- Source
- www.xrb.govt.nz/dmsdocument/4069/
- Cited in
- chapter 10, chapter 18, chapter 19
The auditor shall perform audit procedures designed to obtain sufficient appropriate audit evidence that all events occurring between the date of the financial statements and the date of the auditor’s report that require adjustment of, or d…
ISA (NZ) 570.16
ISA (NZ) 570 Going Concern
- Publisher
- XRB
- Applies from
- 15 Dec 2024
- Source
- www.xrb.govt.nz/dmsdocument/5235/
- Cited in
- chapter 10, chapter 18
If events or conditions have been identified that may cast significant doubt on the entity’s ability to continue as a going concern, the auditor shall obtain sufficient appropriate audit evidence to determine whether or not a material uncer…
ISA (NZ) 570.9
ISA (NZ) 570 Going Concern
- Publisher
- XRB
- Applies from
- 15 Dec 2024
- Source
- www.xrb.govt.nz/dmsdocument/5235/
- Cited in
- chapter 10, chapter 18
The objectives of the auditor are: (a) To obtain sufficient appropriate audit evidence regarding, and conclude on, the appropriateness of management’s use of the going concern basis of accounting in the preparation of the financial statemen…
ISA (NZ) 580.10
ISA (NZ) 580 Written Representations
- Publisher
- XRB
- Applies from
- 15 Dec 2021
- Source
- www.xrb.govt.nz/dmsdocument/4071/
- Cited in
- chapter 18
[Amended by the NZAuASB].…
ISA (NZ) 700 (Revised).16
ISA (NZ) 700 Forming an Opinion and Reporting on Financial Statements
- Publisher
- XRB
- Applies from
- 15 Dec 2024
- Source
- www.xrb.govt.nz/dmsdocument/5236/
- Cited in
- chapter 18
The auditor shall express an unmodified opinion when the auditor concludes that the financial statements are prepared, in all material respects, in accordance with the applicable financial reporting framework. 17.…
ISA (NZ) 700 (Revised).25
ISA (NZ) 700 Forming an Opinion and Reporting on Financial Statements
- Publisher
- XRB
- Applies from
- 15 Dec 2024
- Source
- www.xrb.govt.nz/dmsdocument/5236/
- Cited in
- chapter 18
When expressing an unmodified opinion on financial statements prepared in accordance with a fair presentation framework, the auditor’s opinion shall, unless otherwise required by law or regulation, use one of the following phrases, which ar…
ISA (NZ) 701.13
ISA (NZ) 701 Communicating Key Audit Matters in the Independent Auditor’s Report
- Publisher
- XRB
- Applies from
- 15 Dec 2023
- Source
- www.xrb.govt.nz/dmsdocument/4931/
- Cited in
- chapter 18
The description of each key audit matter in the Key Audit Matters section of the auditor’s report shall include a reference to the related disclosure(s), if any, in the financial statements and shall address: (Ref: Para.…
ISA (NZ) 705.7
ISA (NZ) 705 Modifications to the Opinion in the Independent Auditor's Report
- Publisher
- XRB
- Applies from
- 15 Dec 2024
- Source
- www.xrb.govt.nz/dmsdocument/5237/
- Cited in
- chapter 18
The auditor shall express a qualified opinion when: (a) The auditor, having obtained sufficient appropriate audit evidence, concludes that misstatements, individually or in the aggregate, are material, but not pervasive, to the financial st…
ISA (NZ) 705.8
ISA (NZ) 705 Modifications to the Opinion in the Independent Auditor's Report
- Publisher
- XRB
- Applies from
- 15 Dec 2024
- Source
- www.xrb.govt.nz/dmsdocument/5237/
- Cited in
- chapter 18
The auditor shall express an adverse opinion when the auditor, having obtained sufficient appropriate audit evidence, concludes that misstatements, individually or in the aggregate, are both material and pervasive to the financial statement…
ISA (NZ) 705.9
ISA (NZ) 705 Modifications to the Opinion in the Independent Auditor's Report
- Publisher
- XRB
- Applies from
- 15 Dec 2024
- Source
- www.xrb.govt.nz/dmsdocument/5237/
- Cited in
- chapter 18
The auditor shall disclaim an opinion when the auditor is unable to obtain sufficient appropriate audit evidence on which to base the opinion, and the auditor concludes that the possible effects on the financial statements of undetected mis…
Ethics and quality management
PES 1 R111.1
PES 1 International Code of Ethics for Assurance Practitioners (including International Independence Standards) (New Zealand)
- Publisher
- XRB
- Applies from
- 15 Dec 2025
- Source
- www.xrb.govt.nz/dmsdocument/5756/
- Cited in
- chapter 15, chapter 18
An assurance practitioner shall comply with the principle of integrity, which requires an assurance practitioner to be straightforward and honest in all professional and business relationships.…
PES 1 R112.1
PES 1 International Code of Ethics for Assurance Practitioners (including International Independence Standards) (New Zealand)
- Publisher
- XRB
- Applies from
- 15 Dec 2025
- Source
- www.xrb.govt.nz/dmsdocument/5756/
- Cited in
- chapter 2, chapter 15, chapter 18, chapter 19
An assurance practitioner shall comply with the principle of objectivity, which requires an assurance practitioner to exercise professional or business judgement without being compromised by: (a) Bias; (b) Conflict of interest; or (c) Undue…
PES 1 R113.1
PES 1 International Code of Ethics for Assurance Practitioners (including International Independence Standards) (New Zealand)
- Publisher
- XRB
- Applies from
- 15 Dec 2025
- Source
- www.xrb.govt.nz/dmsdocument/5756/
- Cited in
- chapter 15, chapter 18
An assurance practitioner shall comply with the principle of p rofessional competence and due care, which requires an assurance practitioner to: (a) Attain and maintain professional knowledge and skill at the level required to ensure that a…
PES 1 R114.1
PES 1 International Code of Ethics for Assurance Practitioners (including International Independence Standards) (New Zealand)
- Publisher
- XRB
- Applies from
- 15 Dec 2025
- Source
- www.xrb.govt.nz/dmsdocument/5756/
- Cited in
- chapter 18
An assurance practitioner shall comply with the principle of confidentiality, which requires an assurance practitioner to respect the confidentiality of information acquired in the course of professional and business relationships.…
PES 1 R115.1
PES 1 International Code of Ethics for Assurance Practitioners (including International Independence Standards) (New Zealand)
- Publisher
- XRB
- Applies from
- 15 Dec 2025
- Source
- www.xrb.govt.nz/dmsdocument/5756/
- Cited in
- chapter 18
An assurance practitioner shall comply with the principle of p rofessional behaviour, which requires an assurance practitioner to: (a) Comply with relevant laws and regulations; (b) Behave in a manner consistent with the profession’s respon…
PES 1 R120.5
PES 1 International Code of Ethics for Assurance Practitioners (including International Independence Standards) (New Zealand)
- Publisher
- XRB
- Applies from
- 15 Dec 2025
- Source
- www.xrb.govt.nz/dmsdocument/5756/
- Cited in
- chapter 13, chapter 18
When applying the conceptual framework, the assurance practitioner shall: (a) Have an enquiring mind; (b) Exercise professional judgement; and (c) Use the reasonable and informed third party test described in paragraph 120.5 A9.…
PES 3.14
PES 3 Quality Management for Firms that Perform Audits or Reviews of Financial Statements, or Other Assurance or Related Services Engagements
- Publisher
- XRB
- Applies from
- 15 Dec 2025
- Source
- www.xrb.govt.nz/dmsdocument/5754/
- Cited in
- chapter 15, chapter 18
The objective of the firm is to design, implement and operate a system of quality management for audits or reviews of financial statements, or other assurance or related services engagements performed by the firm, that provides the firm wit…