PBE standards based on IASB pronouncements
When the IASB issues a standard that is adopted as part of NZ IFRS, the NZASB applies the development principle in the PBE Policy Approach in considering whether the standard should also be included in the PBE Standards.
The process the NZASB follows here is set out below.
You can read this in conjunction with the commentary on Process 3 in the following document:
The steps in the diagram below refer to the steps in the commentary in EG A2.