2022 Omnibus Amendments to PBE Standards

2022 Omnibus Amendments to PBE Standards

We are seeking feedback on proposed narrow-scope amendments and improvements to PBE Standards. These proposals are relevant to Tier 1 and Tier 2 public benefit entities (PBEs) in the public and not-for-profit sectors.

Exposure Draft 2022 Omnibus Amendments to PBE Standards (the ED) contains the following proposed amendments to PBE Standards.

  • Amendments arising from recent IPSASB improvements;
  • Amendments arising from the IPSASB’s Amendments to IPSAS 5, Borrowing Costs – Non-authoritative Guidance;
  • Amendments arising from recent IASB amendments; and
  • Other New Zealand amendments, arising from comments from New Zealand constituents.

Your feedback is important

We are keen to hear from preparers, readers of PBE financial reports and other stakeholders, to ensure that the proposed amendments result in appropriate reporting outcomes for public sector and not-for-profit reporting entities in Aotearoa New Zealand.

Consultation Documents

Invitation to Comment – 2022 Omnibus Amendments to PBE Standards 282 KB

Exposure Draft –2022 Omnibus Amendments to PBE Standards 661 KB


Submissions closed on 27 May 2022