NZASB Request for comments on Proposed Disclosure Concessions for Tier 2 and Tier 3 For-profit Entities

Exposure Draft NZASB 2013-2 Disclosure Concessions for Tier 2 and Tier 3 For-Profit Entities is published by the New Zealand Accounting Standards Board (NZASB) for comment only. The proposals may be modified in light of comments received before being issued in formal form.

ED NZASB 2013-2 proposes:

  • RDR concessions for Tier 2 for-profit entities resulting from Recoverable Amount Disclosures for Non-Financial Assets (Amendments to IAS 36);
  • RDR concessions for Tier 2 for-profit entities to be included in standards resulting from IASB Exposure Draft ED/2013/3 Financial instruments: Expected Credit Losses; and
  • Differential reporting disclosure concessions to be included in standards resulting from IASB Exposure Draft ED/2013/3 Financial Instruments: Expected Credit Losses which Tier 3 for-profit entities may elect to apply.

Comments, both formal and informal, on ED NZASB 2013-2 should be addressed to:

The Chief Executive
External Reporting Board
PO Box 11250
Manners Street
Wellington 6142
Email: submissions@xrb.govt.nz

Comments are due to the NZASB no later than 30 August 2013.

It would be appreciated if respondents send their comments in electronic form (PDF and Microsoft Word formats) as it allows for efficient collation and analysis of comments. All comments will ultimately be posted on the XRB website unless respondents indicate that they wish their comments to remain confidential.

Respondents are requested to indicate, on their comment letter, on whose behalf (for example, own behalf, a group of people or an entity) the comment is being made.

Click here to read ED 2013-2

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