Archived Standards

These archived standards and guides have been superseded and are no longer in force. You may need to refer to them if you are providing assurance or related services for periods to which these standards relate.

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The XRB assumed the responsibility for issuing auditing and assurance standards on 1 July 2011.

The XRB Board met on 1 July and approved for issue a suite of auditing and assurance standards. The auditing and assurance standards issued on 1 July 2011 apply to assurance engagements for periods beginning on or after 1 September 2011.

Prior to that date, auditing and assurance standards were prepared by the then New Zealand Institute of Chartered Accountants’ (NZICA) Professional Standards Board (PSB).   

If you are providing assurance for prior periods, you may need to refer to the audit and assurance standards and guidance page on their website - now the Chartered Accountants Australia New Zealand (CAANZ) - for previous auditing and assurance standards.

These are superseded Professional and Ethical Standards issued by the XRB Board or the NZAuASB applying to all assurance practitioners adopting the XRB auditing & assurance standards.

  • XRB Au1 

    Application of Auditing and Assurance Standards

  • PES 1 

    International Code of Ethics for Assurance Practitioners (including International Independence Standards) (New Zealand)

  • PES 2 

    Independence in Assurance Engagements

  • PES 3 

    Quality Management for Firms that Perform Audits or Reviews of Financial Statements, or Other Assurance or Related Services Engagements

The following superseded Audit Standards apply to all assurance practitioners adopting the XRB audit & assurance standards.

See below:

Standards

  • XRB Au1 

    Application of Auditing and Assurance Standards

  • NZ AS 1 

    The Audit of Service Performance Information

  • ISA (NZ) 200 

    Overall Objective of the Independent Auditor and the Conduct of an Audit in Accordance with International Standards on Auditing (New Zealand)

  • ISA (NZ) 210 

    Agreeing the Terms of Audit Engagements

  • ISA (NZ) 220 

    Quality Management for an Audit of Financial Statements

  • ISA (NZ) 230 

    Audit Documentation

  • ISA (NZ) 240 

    The Auditor's Responsibilities Relating to Fraud in an Audit of Financial Statements

  • ISA (NZ) 250 

    Consideration of Laws and Regulations in an Audit of Financial Statements

  • ISA (NZ) 260 

    Communication with Those Charged with Governance

  • ISA (NZ) 265 

    Communicating Deficiencies in Internal Control to those Charged with Governance and Management

  • ISA (NZ) 300 

    Planning an Audit of Financial Statements

  • ISA (NZ) 315 

    Identifying and Assessing the Risks of Material Misstatement 

  • ISA (NZ) 320 

    Materiality in Planning and Performing an Audit

  • ISA (NZ) 330 

    The Auditor’s Responses to Assessed Risks

  • ISA (NZ) 402 

    Audit Considerations Relating to an Entity Using a Service Organisation

  • ISA (NZ) 450 

    Evaluation of Misstatements Identified During the Audit

  • ISA (NZ) 500 

    Audit Evidence

  • ISA (NZ) 501 

    Audit Evidence – Specific Considerations for Selected Items

  • ISA (NZ) 505 

    External Confirmations

  • ISA (NZ) 510 

    Initial Audit Engagements – Opening Balances

  • ISA (NZ) 520 

    Analytical Procedures

  • ISA (NZ) 530 

    Audit Sampling

  • ISA (NZ) 540 

    Auditing Accounting Estimates and Related Disclosures

  • ISA (NZ) 550 

    Related Parties

  • ISA (NZ) 560 

    Subsequent Events

  • ISA (NZ) 570 

    Going Concern

  • ISA (NZ) 580 

    Written Representations

  • ISA (NZ) 600 

    Special Considerations – Audits of Group Financial Statements (Including the Work of Component Auditors)

  • ISA (NZ) 610 

    Using the Work of Internal Auditors

  • ISA (NZ) 620 

    Using the Work of an Auditor’s Expert

  • ISA (NZ) 700 

    Forming an Opinion and Reporting on Financial Statements

  • ISA (NZ) 701 

    Communicating Key Audit Matters in the Independent Auditor’s Report

  • ISA (NZ) 705 

    Modifications to the Opinion in the Independent Auditor’s Report

  • ISA (NZ) 706 

    Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent Auditor's Report

  • ISA (NZ) 710 

    Comparative Information – Corresponding Figures and Comparative Financial Statements

  • ISA (NZ) 720 

    The Auditor’s Responsibility in Relation to Other Information

  • ISA (NZ) 800 

    Special Considerations – Audits of Financial Statements Prepared in Accordance with Special Purpose Frameworks

  • ISA (NZ) 805 

    Special Considerations – Audits of Single Financial Statements and Specific Elements, Accounts or Items of a Financial Statement

  • ISA (NZ) 810 

    Engagements to Report on Summary Financial Statements

These are superseded Review Standards issued by the XRB Board or the NZAuASB applying to all assurance practitioners adopting XRB auditing & assurance standards.

  • XRB Au1 

    Application of Auditing and Assurance Standards

  • ISRE (NZ) 2400 

    Review of Historical Financial Statements Performed by an Assurance Practitioner who is Not the Auditor of the Entity

  • RS-1 

    Statement of Review Engagement Standards

  • NZ SRE 2410 

    Review of Financial Statements Performed by the Independent Auditor of the Entity

These are superseded standards for the conduct of assurance engagements (other than on historical financial information) issued by the XRB Board or the NZAuASB applying to all assurance practitioners adopting XRB auditing & assurance standards.

  • XRB Au1 

    Application of Auditing and Assurance Standards

  • ISAE (NZ) 3000 

    Assurance Engagements Other than Audits or Reviews of Historical Financial Information

  • SAE 3100 

    Assurance Engagements on Compliance

  • SAE 3150 

    Assurance Engagements on Controls

  • ISAE (NZ) 3402 

    Assurance Reports on Controls at a Service Organisation

  • ISAE (NZ) 3410 

    Assurance Engagements on Greenhouse Gas Statements

  • ISAE (NZ) 3420 

    Assurance Engagements to Report on the Compilation of Pro Forma Financial Information Included in a Prospectus

These are archived Explanatory Guides on auditing and assurance standards issued by the XRB Board or the NZAuASB.

To access the full list of archived Explanatory Guides, click here. 

These are archived Amendments (including conforming and consequential amendments) to standards issued by the XRB Board or the NZAuASB.

Standards