NZASB Meeting 19 October 2021

Here is a summary of the main matters considered in the public sessions.


Post-implementation Review of Tier 3 and Tier 4 PBE Standards

The Board considered issues papers regarding the following topics raised by respondents to the Post-implementation Review of Tier 3 and Tier 4 PBE Standards:

  1. (a)  Accumulated funds;

  2. (b)  Opting up (to PBE Standards);

  3. (c)  Statement of service performance; and

  4. (d)  Grant and donation revenue recognition.

The Board will consider further issues raised by respondents at future meetings.


IPSASB Measurement projects

The Board approved its comment letter to the International Public Sector Accounting Standards Board (IPSASB) on the four measurement-related exposure drafts, EDs 76–79.


Disclosure Initiative – Targeted Standards-level Review of Disclosures

The Board approved its comment letter to the International Accounting Standards Board (IASB) on IASB ED/2021/3 Disclosure Requirements in IFRS Standards—A Pilot Approach.


IPSASB Mid-period Work Program Consultation

The Board approved its comment letter to the IPSASB on its Consultation Paper Mid-period Work Program Consultation.


Next NZASB meeting

Thursday 16 December 2021 (virtual).

This meeting summary refers to the work of the International Accounting Standards Board (IASB) and the International Public Sector Accounting Standards Board (IPSASB) and uses registered trademarks of the IFRS Foundation (for example, IFRS® Standards, IFRIC® Interpretations and IASB® papers).

Event Date 19 October

Date And Time

Location:
Virtual - By video conference

This event has already taken place.

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