Exposure Draft NZASB 2013-1 Amendments to Prospective Financial Statements (FRS-42, FRS-42 (PBE) and PBE FRS-42) is published by the New Zealand Accounting Standards Board (NZASB) for comment only. The proposals may be modified in light of comments received before being issued in formal form.
ED NZASB 2013-1 proposes to amend FRS-42 to address an inconsistency between the requirements of that standard and the Securities Regulations 2009 regarding an entity’s ability to present prospective financial statements for an interim period. The ED proposes similar amendments to FRS-42 (PBE) Prospective Financial Statements and PBE FRS 42 Prospective Financial Statements.
Comments, both formal and informal, on ED NZASB 2013-1 should be addressed to:
The Chief Executive
External Reporting Board
PO Box 11250
Comments are due to the NZASB no later than 11 August 2013.
It would be appreciated if respondents send their comments in electronic form (PDF and Microsoft Word formats) as it allows for efficient collation and analysis of comments. All comments will ultimately be posted on the XRB website unless respondents indicate that they wish their comments to remain confidential.
Respondents are requested to indicate, on their comment letter, on whose behalf (for example, own behalf, a group of people or an entity) the comment is being made.