Professional and Ethical Standards
These current Auditing Standards issued by the XRB Board or the NZAuASB apply to all assurance practitioners adopting the XRB auditing & assurance standards.
NOTE: The Explanatory Guides at the base of this page have no legal status and we have issued them for explanatory purposes only.
XRB Au1Application of Auditing and Assurance Standards PES 1Code of Ethics for Assurance Practitioners PES 3 (Amended)Quality Control for Firms that Perform Audits and Reviews of Financial Statements, and Other Assurance Engagements
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PES 4Engagement Quality Reviews Annual Improvements 2020
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Explanatory Guide (EG Au1)Overview of Auditing and Assurance Standards Explanatory Guide (EG Au2)Overview of Auditing and Assurance Standard Setting Process |
Explanatory Guide (EG Au4)Glossary of Terms Explanatory Guide (EG Au6)Applying PES 3 Proportionately with the Nature and Size of a Firm
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The NZAuASB has approved the long association provisions in PES 1 (Revised) in line with changes finalised by the International Ethics Standards Board for Accountants (IESBA). These amend the general provisions, but will have the biggest impact for the audit of a public interest entity (PIE).
Download these documents for more detail about why the requirements are changing and what the most significant changes are.
ED NZAuASB 2017-1
559 KB
The Exposure Draft (ED) gives more detail about why the requirements have changed and what the most significant changes are.
For more information, including a FAQ, click here.