Acronyms
Last updated 6 November 2015
The following acronyms are used throughout this site:
AASB | Australian Accounting Standards Board (NZASB counterpart) |
ACCA | Association of Chartered Certified Accountants |
ACE | Autonomous Crown Entity |
ACNC | Australian Charities and Not-for-profits Commission |
AcSB | Canadian Accounting Standards Board |
AFAANZ | Accounting and Finance Association of Australia and New Zealand |
AICPA | American Institute of Certified Public Accountants |
AOSSG | Asian-Oceanian Standard-Setters’ Group |
APESB | Accounting Professional & Ethical Standards Board (Australia) |
ARG | Audit Reference Group (technical reference group for audit and assurance matters) |
ASAF | Accounting Standards Advisory Forum |
ASB | Accounting Standards Board (South Africa) |
ASBJ | Accounting Standards Board of Japan |
ASF | Accounting Standards Framework |
ASIC | Australian Securities and Investments Commission |
ASRB | Accounting Standards Review Board (replaced by XRB) |
AUASB | Auditing and Assurance Standards Board (Australia) (NZAuASB counterpart) |
CAANZ | Chartered Accountants Australia New Zealand |
CAG | Consultant Advisory Group (IPSASB) |
CF | Conceptual Framework |
CIPFA | Chartered Institute of Public Finance and Accountancy (UK) |
CMAC | Capital Markets Advisory Committee |
CNCOP | Public Sector Standards Council (France) |
CP | Consultation Paper (IPSASB) |
CRUF | Corporate Reporting Users Forum (Professional Investors and Analysts) |
CSR | Corporate Social Responsibility |
DI | Draft IFRIC Interpretation |
DIA | Department of Internal Affairs (includes Charities Services) |
DP |
Discussion Paper (IASB)
|
DPOC | Due Process Oversight Committee (IASB) |
EC | European Commission |
ED | Exposure Draft |
EFRAG
|
European Financial Reporting Advisory Group |
EG | Explanatory Guide |
eIFRS | Online edition of IFRS, including IAS, IFRICs and SICs |
EQC | Earthquake Commission |
ESMA | European Securities and Markets Authority |
ETS | Emissions Trading Scheme (now also Pollutant Pricing Mechanisms) |
EU | European Union |
FAF | Financial Accounting Foundation (US – oversight board for FASB and GASB) |
FASB | Financial Accounting Standards Board (US) |
FMA | Financial Markets Authority |
FMCA | Financial Markets Conduct Act 2013 |
FMC Reporting Entity | A term defined in section 451 of the Financial Markets Conduct Act 2013 which includes a range of financial market participants, and includes most issuers as defined under the Financial Reporting Act 1993. |
FRA | Financial Reporting Act 2013 |
FRC | Financial Reporting Council (Australia - XRB Board counterpart) |
FRC | Financial Reporting Council (UK) |
FReM | Financial Reporting Manual (UK Central Government) |
FRO | Financial Reporting Order |
FRS | Financial Reporting Standards – Domestic NZ financial reporting standards |
FRSB | Financial Reporting Standards Board of the New Zealand Institute of Chartered Accountants (replaced by NZASB) |
GAAP | Generally Accepted Accounting Practice |
GASB | Governmental Accounting Standards Board (US) |
GBE | Government Business Enterprise |
GFS | Government Finance Statistics |
GLASS | Group of Latin American Standard Setters |
GPF | Global Preparers Forum (IASB advisory body) |
GPFR | General Purpose Financial Report |
GRAP | Standard of Generally Recognised Accounting Practice (ASB-South Africa) |
GRI | Global Reporting Initiative (sustainability reporting standards) |
IAASB | International Auditing and Assurance Standards Board |
IAESB | International Accounting Education Standards Board |
IAS | International Accounting Standard (issued by the IASC) |
IASB
|
International Accounting Standards Board |
IASC | International Accounting Standards Committee (replaced by the IASB) |
ICAEW | Institute of Chartered Accountants of England and Wales |
ICAS | Institute of Chartered Accountants of Scotland |
IESBA | International Ethics Standards Board for Accountants |
IFAC | International Federation of Accountants |
IFASS | International Forum of Accounting Standard Setters (formerly known as National Standard-Setters, NSS) |
IFRIC |
|
IFRS |
|
IFRS for SMEs | International Financial Reporting Standard for Small and Medium-sized Entities |
IIRC | International Integrated Reporting Committee |
IMF | International Monetary Fund |
INFINZ | Institute of Finance Professionals New Zealand Inc. |
IoD | Institute of Directors |
IOSCO | International Organisation of Securities Commissions |
IPSAS | International Public Sector Accounting Standard |
IPSASB | International Public Sector Accounting Standards Board |
IR | Integrated Reporting (often written as <IR>) |
ISA | International Standards on Auditing |
ISRE | International Standards on Review Engagements |
ISSB | International Sustainability Standards Board |
ITC | Invitation to Comment |
IVS | International Valuation Standards |
IVSC | International Valuation Standards Council |
KASB | Korea Accounting Standards Board |
LTCCP | Long-Term-Council-Community-Plan (prepared by local government) |
MBIE | Ministry of Business, Innovation and Employment |
MoE | Ministry of Education |
MOU | Memorandum of Understanding |
NFP | Not-for-profit |
NZASB | New Zealand Accounting Standards Board |
NZAuASB | New Zealand Auditing and Assurance Standards Board |
NZ IAS
|
New Zealand equivalent to an International Accounting Standard |
NZICA | New Zealand Institute of Chartered Accountants (now CAANZ) |
NZ IFRIC | New Zealand equivalent to an IFRS Interpretations Committee Interpretation |
NZ IFRS |
|
NZ (ISA) | New Zealand equivalent to an International Standard on Auditing |
NZSA | New Zealand Shareholders’ Association |
NZ SIC | New Zealand equivalent to a Standards Interpretation Committee Interpretation |
NZX | New Zealand Stock Exchange |
OAG | Office of the Auditor-General |
OECD | Organisation for Economic Co-operation and Development |
OIC | Organismo Italiano di Contabilita (Italian Standard Setter) |
PAFA | Pan African Federation of Accountants |
PBE | Public Benefit Entity |
PBE FRS | Public Benefit Entity Standard based on a Financial Reporting Standard |
PBE IAS | Public Benefit Entity Standard based on an International Accounting Standard |
PBE IFRS | Public Benefit Entity Standard based on an International Financial Reporting Standard |
PBE IPSAS | Public Benefit Entity Standard based on an International Public Sector Accounting Standard |
PBE SFR-A (NFP) | Public Benefit Entity Simple Format Reporting - Accrual (Standard for Not-for profit) |
PBE SFR-A (PS) | Public Benefit Entity Simple Format Reporting - Accrual (Standard for Public Sector) |
PBE SFR-C (NFP) | Public Benefit Entity Simple Format Reporting - Cash (Standard for Not-for profit) |
PBE SFR-C (PS) | Public Benefit Entity Simple Format Reporting - Cash (Standard for Public Sector) |
PBE Standards | Public Benefit Entity Standards |
PCAOB | Public Company Accounting Oversight Board (US) |
PIC | Public Interest Committee (IPSASB oversight body) |
PIE | Public Interest Entity |
PIOB | Public Interest Oversight Board (US) |
PIR | Post Implementation Review |
PPM
|
Pollutant Pricing Mechanisms (term replaces ETS - Emissions Trading Schemes) |
PSAB | Canadian Public Sector Accounting Board |
PSB | Professional Standards Board of the New Zealand Institute of Chartered Accountants (partly replaced by NZAuASB) |
RBNZ | Reserve Bank of New Zealand |
RDR | Reduced Disclosure Regime |
REAP | Rural Education Activity Programme |
RFP | Request for Proposal |
RFV | Request for Views |
SEC | Securities and Exchange Commission (US) |
SEM | Single Economic Market |
SFO | Serious Fraud Office |
SFR | Simple Format Reporting |
SIC | Standards Interpretation Committee (precursor to the IFRS Interpretations Committee) |
SME(s) | Small and medium sized entity(ies) |
SOE | State Owned Enterprise |
SOLGM | NZ Society of Local Government Managers |
SORP | UK Statement of Recommended Practice. The most common one is the Accounting and Reporting by Charities SORP issued by the UK Charities Commission. |
SPFR | Special Purpose Financial Report |
SPR | Service Performance Reporting |
SSAP | Statements of Standard Accounting Practice (issued under old NZ GAAP) |
SSP | Statement of Service Performance |
TBG | Task-Based Group (IPSASB) |
TRG | Technical Reference Group (NZASB) |
WSS | World Standard Setters (IASB annual conference) |
XBRL | Extensive Business Reporting Language |
XRAP | External Reporting Advisory Panel |
XRB | External Reporting Board |