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 Au1 

Application of Auditing and Assurance Standards


PES 1

Code of Ethics for Assurance Practitioners


PES 3 (Amended)

Quality Control for Firms that Perform Audits and Reviews of Financial Statements, and Other Assurance Engagements


 

PES 4

Engagement Quality Reviews


Annual Improvements 2020

 

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


 

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.

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