Audit & Assurance Alerts

1 April 2025

Upcoming events 

New Zealand Auditing and Assurance Standards Board (NZAuASB) meeting – 9 April 2025

Key topics include:

• Code of Ethics for Sustainability Assurance

• ISSA 5000 International Standard on Sustainability Assurance

• Audits of less complex entities

• Revisions to the auditor’s responsibilities relating to fraud in the audit of financial statements

• Project to update Explanatory Guide (EG Au8) Audit implications of the use of service organisations for investment management services.

Need-to-know assurance update – 3 April 2025

Key topics we will cover:

• The review of service performance information

• Going concern and fraud

• Implementation support for the assurance of GHG emissions disclosures

• Audits of less complex entities

Updates and amendments

Updated description of the auditor’s responsibilities section of our website

Our website has been updated because of revisions to recent standards.

Remember to submit modified assurance reports - more information on how to do this is on our website.

Review of service performance information - watch the recording of the deep dive webinar on the new standard on our website.