The New Auditor's Report

The auditor’s report has changed.

This is effective for audits of financial statements ending on or after 15 December 2016. Early adoption is permitted.

Here you will find:

What's changed?

Here's a list of those standards which have changed.

Read all the revised auditing standards


  1. You can access these documents:
  1. We have uploaded a comprehensive range of FAQs to answer your most common questions.  
  2. The International Auditing and Assurance Standards Board (IAASB) has also developed useful tools and resources. These are available on the IAASB’s website, and include, for example:
    • Fact sheets
    • Basis for conclusions
    • Auditor Reporting on Going Concern
    • Auditor Reporting – Key Audit Matters
    • Illustrative Key Audit Matters
    • More Information Auditor’s Reports – What Audit Committees and Finance Executives Need to Know
    • The New Auditor’s Report: Questions and Answers

    The guidance is available to download free of charge, but in order to access these IAASB resources, you will need to login to IFAC’s website, by supplying a user name and password.

    Please note that this guidance makes reference to the terminology in the international standards. This is similar to the New Zealand equivalent standards, but has been amended as appropriate for the New Zealand context.

    Description of the auditor’s responsibilities forming part of the auditor's report

    Paragraph 41(c) of ISA (NZ) 700 (Revised) allows the description of the auditor’s responsibilities to be moved out of the auditor’s report and referred instead to a website of an appropriate authority.

    Read more

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