PBE standards based on IPSASB pronouncements

The process set out below shows how the NZASB develops and issues PBE  Standards based on IPSASB pronouncements.  It incorporates the IPSASB’s due process for issuing IPSAS PBE Standards and are applied by Tier 1 and Tier 2 not-for-profit and public sector PBEs.

You can read this in conjunction with the commentary on Process 2 in the following document:

The steps in the diagram below refer to the steps in the commentary in EG A2.

Flowchart showing the accounting standard setting process