For-profit accounting standards based on IASB pronouncements

  • For-profit

The process set out below shows how the NZASB develops and issues for-profit accounting standards based on IASB pronouncements.  It incorporates the IASB’s due process for issuing IFRS Standards.

You can read this in conjunction with the commentary on Process 1 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