For-profit accounting standards based on IASB pronouncements
The process set out below shows how the NZASB develops and issues for-profit accounting standards based on IASB pronouncements. It incorporates the IASB’s due process for issuing IFRS Standards.
You can read this in conjunction with the commentary on Process 1 in the following document
The steps in the diagram below refer to the steps in the commentary in EG A2.