Recent amendments
On 25 November 2024, the XRB Board approved and has now issued:
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Amendments to NZ SAE 1 regarding the assurance of scope 3 greenhouse gas emissions. The accounting periods in relation to which this amending Standard commences to apply are for any assurance practitioner, those accounting periods that commence on or after 1 January 2024 - read more here.
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Amendments to NZ CS 2 regarding the disclosure and assurance of scope 3 greenhouse gas emissions, and anticipated financial impacts disclosures. This standard must be applied by reporting entities for accounting periods that begin on or after 1 January 2024 - read more here.
Upcoming events
New Zealand Auditing and Assurance Standards Board meeting 5 December 2024. Key topics include:
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Review Standard on Service Performance Information.
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Plans to support reporting and assurance over Service Performance Information.
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Update on revisions to the auditing standard on Going Concern.
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Plans for guidance on assurance over Greenhouse Gas Emissions Disclosures.
A webinar to explain amendments to NZ CS 2 and NZ SAE 1 this Friday, 29 November, 12-1pm. Register here.
Current consultations
Auditing standard for Less Complex Entities (ISA (NZ) for LCE) – Consultation closes 27 February 2025. Various events include:
Past events
Need to Know – Assurance Update, recording is available on our website here.
Other updates
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