History of Approvals
Recently Issued Standards
On this page, we provide a full list of recently issued auditing and assurance standards or amending standards issued by the XRB in the order of issue date.
Application dates are fully set out in the relevant standard or amending standard.
Standards will be added here, when approved by NZAuASB, in 2025
| Issued | Standard/Amending standard | Application date |
|---|---|---|
| July 2023 | NZ AS 1 (Revised) The Audit of Service Performance Information | Periods beginning on or after 1 January 2024 |
| Issued | Standard/Amending standard | Application date |
|---|---|---|
| May 2023 | Amendments to Auditing and Review Engagement Standards as a Result of the Revisions to Financial Reporting Standards | Periods beginning on or after 1 January 2023 |
| August 2023 | NZ SAE 1 Assurance Engagements over Greenhouse Gas Emissions Disclosures | Periods ending on or after 27 Oct 2024 |
| Issued | Standard/Amending standard | Application date |
|---|---|---|
| June 2023 | Amendments to PES 1 - Revisions to the definition of Engagement Team and Group Audits | Periods beginning on or after 15 December 2023 |
| June 2023 | Amendments to PES 1 - Technology-related Revisions | Periods beginning on or after 15 December 2024 |
| Issued | Standard/Amending standard | Application date |
|---|---|---|
| Nov 2023 | Narrow scope amendments to ISAs (NZ) due to Public Interest Entity Revisions | Periods beginning on or after 15 December 2024 |
| Issued | Standard/Amending standard | Application date |
Access the document |
|---|---|---|---|
| Jun 2022 | 2022 Amendment to NZ AS 1 The Audit of Service Performance Information | Defers NZAS1 to periods beginning on or after 1 Jan 2023 | Amending standard |
| Jun 2022 | ISA (NZ) 600 (Revised) Special Considerations—Audits of Group Financial Statements (Including the Work of Component Auditors) and Related Conforming and Consequential Amendments | Periods beginning on or after 15 Dec 2023 | |
| Jul 2021 | ISA (NZ) 220 (Revised) Quality Management for an Audit of Financial Statements | Periods ending on or after 15 Dec 2022 | ISA (NZ) 220 (Revised) |
| Jul 2021 | Conforming Amendments to ISAs (NZ) and Other Pronouncements | 15 Dec 2022 | Conforming Amendments arising from Quality Management Project |
| Dec 2021 | 2021 Amendment to NZ AS 1 The Audit of Service Performance Information | Defers NZAS1 to periods beginning on or after 1 Jan 2022 | 2021 Amendment to NZ AS 1 |
| Jun 2020 | Review of Financial Statements Performed by the Independent Auditor of the Entity | Dec 2020 | NZ SRE 2410 (Revised) |
| Jun 2020 | Conforming Amendments to Auditing and Assurance Standards as a result of Professional and Ethical Standard 1 (PES 1) | Jul 2020 | Conforming Amendments |
| Apr 2020 | Identifying and Assessing the Risks of Material Misstatement and related Conforming and Consequential Amendments | Dec 2021 | ISA (NZ) 315 (Revised 2019) |
| Feb 2020 | Amendments to ISA (NZ) 560 Subsequent Events | Jun 2021 | ISA (NZ) 560 |
| Feb 2019 | NZ AS 1 The Audit of Service Performance Information | Jan 2021 | NZ AS 1 |
| Nov 2018 | ISA (NZ) 540 (Revised) | Dec 2019 | ISA (NZ) 540 (Revised) |
| Nov 2016 | Annual Improvements (includes changes to ISAs (NZ), NZ SRE and PESs | Dec 2016 | Annual Improvements |
| Nov 2016 | ISA (NZ) 250 (Revised) Consideration of Laws and Regulations in an Audit of Financial Statements | Dec 2017 | ISA (NZ) 250 (Revised) |
| Sep 2016 | ISA (NZ) 810 (Revised) Engagements to Report on Summary Financial Statements | Dec 2016 | ISA (NZ) 810 (Revised) |
| Sep 2016 | ISA (NZ) 805 (Revised) Special Considerations – Audits of Single Financial Statements and Specific Elements, Accounts or Items of a Financial Statement | Dec 2016 | ISA (NZ) 805 (Revised) |
| Sep 2016 | ISA (NZ) 800 (Revised) Special Considerations – Audits of Financial Statements Prepared in Accordance with Special Purpose Frameworks | Dec 2016 | ISA (NZ) 800 (Revised) |
| Issued | Standard/Amending standard | Application date | Access the document |
|---|---|---|---|
| May 2022 | Conforming and Consequential Amendments to Other Standards as a Result of the New and Revised Quality Management Standards | (a) Reviews of financial statements for periods beginning on or after 15 Dec 2022; and (b) Other assurance and related services engagements beginning on or after 15 Dec 2022 |
Amending standard |
| May 2022 | Annual Improvements and Conforming and Consequential Amendments to Domestic Assurance Standards | (a) Assurance engagements beginning on or after 15 Dec 2022; and (b) Reviews of financial statements for periods beginning on or after 15 Dec 2022. |
Amending standard |
| Dec 2022 | SAE 3450 Assurance Over Financial Information Prepared in Connection with a Capital Raising | Assurance engagements beginning on or after 15 Dec 2023 | SAE 3450 |
| Mar 2017 | SAE 3100 (Revised) Assurance Engagements on Compliance | Jan 2018 | SAE 3100 (Revised) |
| Issued | Standard/Amending standard | Application date |
Access the document |
|---|---|---|---|
| Feb 2021 | ISRS (NZ) 4400: Agreed-upon Procedures Engagements | Terms of engagement agreed on or after 1 Jan 2022 | ISRS (NZ) 4400 |
| Issued | Standard/Amending standard | Application date |
Access the document |
|---|---|---|---|
| Mar 2022 | PES 1 - NZ Fees Amendment | 15 Dec 2022 | Amending standard |
| Jun 2022 | PES 1 - Revisions to the Non-Assurance Services Provisions of the Code | 15 Dec 2022 | Amending standard |
| Aug 2022 | PES 1 - Quality Management-related Conforming and other contextual amendments | 15 Dec 2022 | Amending standard |
| Nov 2022 | PES 1 - Revisions to the Definition of Public Interest Entity | Periods beginning on or after 15 Dec 2024 | Amending standard |
| Mar 2021 | PES 1: Role and Mindset Changes | 31 Dec 2021 | PES 1 |
| Apr 2021 | Annual Improvements 2020 | 15 Jun 2021 | Amending standard |
| Jul 2021 | PES 3: Quality Management for Firms that perform Audits or reviews of financial statements, or other assurance or related services engagements | 15 Dec 2022 | PES 3 |
| Jul 2021 | PES 4: Engagement Quality Reviews | 15 Dec 2022 | PES 4 |
| Jul 2021 | PES 1: Objectivity Amendments |
|
PES 1: Objectivity Amendments |
| Oct 2020 | PES 1: Part 2 | Dec 2020 | PES 1 |
| Feb 2020 | Amending Standard Part 4B | Jun 2021 | PES 1 |
| Dec 2018 | PES 1 Code of Ethics for Assurance Practitioners | Jun 2019 | PES 1 |
| Feb 2018 | Long Association and Public Interest Entity Amendments to PES 1 (Revised) | Dec 2018 | PES 1 (Revised) |
| Aug 2016 | Amendments to PES 1 (Revised) Non-compliance with Laws and Regulations | Jul 2017 | PES 1 (Revised) |
Standards Issued but Not Yet Applicable
We have also prepared a table to help you identify new or amending standards that are issued but not yet applicable. This is presented in the order of the latest application date. Application dates are fully set out in the relevant standard or amending standard.
|
Application date |
Issued |
Standard/Amending standard |
| Engagements ending on or after 27 Oct 2024 | Aug 2023 |
NZ SAE 1 Assurance Engagements over Greenhouse Gas Emissions Disclosures |
| Periods beginning on or after 15 Dec 2024 | Nov 2022 | Amendments to PES 1 - Revisions to the Definition of Public Interest Entity |
| Periods beginning on or after 15 Dec 2024 | June 2023 | Amendments to PES 1 - Technology-related Revisions |
| Periods beginning on or after 15 Dec 2024 | Nov 2023 | Narrow scope amendments to ISAs (NZ) due to Public Interest Entity Revisions |