Past consultations

This page contains consultation papers and discussion papers that we've previously consulted on.

Through these consultations we gather insights from practitioners, preparers, users, regulators and the public that enable us to establish and maintain robust frameworks and standards that are internationally credible and relevant to New Zealand.

This page includes consultations from 2017 onwards where the comment period has ended. 

Closed consultations from 2026

Title Area: International organisation Applicable to Comments due to XRB Link to XRB submission (where relevant)
Amendments to the Fair Value Option for Investments in Associates and Joint Ventures - Proposed amendments to IAS 28 Accounting: IASB Tier 1 and 2 for-profit entities Wednesday 1 April 2026 Read our submission here

Before 2026

Accounting standards

Title Comments closed

ED PBE IPSAS 47 Revenue and ED PBE IPSAS 48 Transfer Expenses

1 December 2025
Amendments to PBE Standards: Specific IFRIC Interpretations  1 December 2025
Stripping Costs in the Production Phase of a Surface Mine (Proposed Amendments to PBE IPSAS 12 Inventories) 30 September 2025
PBE IPSAS 50 Exploration for and Evaluation of Mineral Resources 30 September 2025
Reporting and assurance of service performance information - Tier 1 and Tier 2 not-for-profit entities 29 August 2025
2025 Amendments to XRB A1 Application of the Accounting Standards Framework 29 August 2025
Amendments to For-profit Domestic Accounting Standards due to NZ IFRS 18 31 July 2025
Amendments to XRB A2 resulting from the Regulatory Systems (Economic Development) Amendment Act 2025 22 July 2025
RDR Concessions: NZ IFRS 18 Presentation and Disclosure in Financial Statements 29 May 2025
RDR Concessions: Amendments to the Classification and Measurement of Financial Instruments 31 January 2025
2024 Omnibus Amendments to PBE Standards 15 August 2024
Sale or Contribution of Assets between an Investor and its Associate or Joint Venture 22 April 2024
PBE Conceptual Framework Update 21 June 2024
Public Benefit Entity Tier Sizes 26 January 2024
Lack of Exchangeability - RDR 21 November 2023
Supplier Finance Arrangements - RDR 30 September 2023
New leases standard for PBEs  25 November 2022
Improving disclosure of fees paid to audit firms—Public Benefit Entities 30 September 2022
Improving disclosure of fees paid to audit firms—For-Profit Entities 30 September 2022 
Reporting Requirements for Tier 4—Public Sector Entities 30 September 2022 
Reporting Requirements for Tier 3—Public Sector Entities 30 September 2022 
Reporting Requirements for Tier 4—Not-for-Profit Entities 30 September 2022 

Reporting Requirements for Tier 3—Not-for-Profit Entities

30 September 2022 

Public Sector Specific Financial Instruments

11 July 2022 

Insurance Contracts in the Public Sector

8 June 2022

Initial Application of PBE IFRS 17 and PBE IPSAS 41—Comparative Information

27 May 2022

2022 Omnibus Amendments to PBE Standards

27 May 2022

Request for information – Simple Format Reporting Standards – Post-implementation Review

31 March 2021

PBE Interest Rate Benchmark Reform—Phase 2

26 October 2020
Proposed 2020 Amendments to PBE FRS 48   10 August 2020
Going Concern Disclosures (Proposed amendments to FRS-44) 24 July 2020
Going Concern Disclosures (Proposed amendments to PBE IPSAS 1)   24 July 2020
PBE IFRS 17 – Deferral of Effective Date   22 July 2020 
Withdrawal of PBE FRS 46 (Proposed amendments to PBE FRS 47) 31 January 2020
PBE Interest Rate Benchmark Reform 14 January 2020 
Amendments to PBE IFRS 17 19 November 2019
2019 Omnibus Amendments to NZ IFRS  16 August 2019
Uncertainty over Income Tax Treatments (Proposed amendments to PBE IAS 12)   28 June 2019
PBE IFRS 17 Insurance Contracts  17 May 2019
2018 Amendments to XRB A1 Appendix A  (When is an Entity a Public Benefit Entity?) 29 March 2019
Effective Date of PBE IFRS 9  28 February 2019
PBE IPSAS 41 Financial Instruments   28 February 2019
PBE IPSAS 40 PBE Combinations 31 January 2019
2018 Omnibus Amendments to PBE Standards 28 September 2018
Omnibus Amendments to Tier 3 and Tier 4 PBE Accounting Requirements  30 May 2018
RDR Proposals for NZ IFRS 16 and NZ IAS 7  23 April 2018
Proposed Amendments to FRS-42 Prospective Financial Statements 28 February 2018
2017 Omnibus Amendments to NZ IFRS 9 October 2017
Proposed Amendments to XRB A1 28 August 2017
PBE FRS XX Service Performance Reporting  28 July 2017

Amendments to RDR for Tier 2 For-profit Entities

26 May 2017
PBE IPSAS 39 Employee Benefits 3 March 2017
Impairment of Revalued Assets (Proposed Amendments to PBE IPSASs 21 and 26) 20 February 2017
Approved Budget (Proposed Amendments to PBE IPSAS 1) 20 February 2017
Title Comments closed

Request for Information - Post-Implementation Review IFRS 16 Leases

 15 September 2025

Provisions - Targeted Improvements

3 February 2025 

Equity Method of Accounting

20 November 2024 

Reporting Climate-related and Other Uncertainties in Financial Statements

25 October 2024

Translation to a Hyperinflationary Presentation Currency

22 November 2024

Contracts for Renewable Electricity

7 August 2024

Business Combinations—Disclosures, Goodwill and Impairment

14 June 2024

Financial Instruments with Characteristics of Equity

1 March 2024

Annual Improvements to IFRS Accounting Standards -
Volume 11 (2023)

17 November 2023

Post-Implementation Review of IFRS 15 Revenue from Contracts with Customers

22 September 2023

Post-Implementation Review of IFRS 9 - Impairment

21 July 2023

Amendments to the Classification and Measurement of Financial Instruments

7 June 2023

International Tax Reform—Pillar Two Model Rules

15 February 2023

Supplier Finance Arrangements

2 February 2022

Non-current Liabilities with Covenants

 2 February 2022

Post-implementation Review of IFRS 9 - Classification and Measurement

10 December 2021

Management Commentary

23 November 2021

Subsidiaries without Public Accountability: Disclosures

12 November 2021

Disclosure Requirements in IFRS Standards - A Pilot Approach

4 October 2021

Initial Application of IFRS 17 and IFRS 9—Comparative Information

27 September 2021

Lack of Exchangeability

1 September 2021

Regulatory Assets and Regulatory Liabilities

30 July 2021

Business Combinations under Common Control

9 July 2021

IASB RFI - Third Agenda Consultation

27 September 2021

Covid-19-Related Rent Concessions beyond 30 June 2021

25 February 2021
Business Combinations – Disclosures, Goodwill and Impairment  15 September 2020
General Presentation and Disclosures  7 August 2020
Classification of Liabilities as Current or Non-current — Deferral of Effective Date 3 June 2020
Interest Rate Benchmark Reform – Phase 2 25 May 2020
Covid-19-Related Rent Concessions (Proposed amendment to IFRS 16) 8 May 2020
Disclosure of Accounting Policies—Proposed amendments to IAS 1 and IFRS Practice Statement 2   29 November 2019
Deferred Tax related to Assets and Liabilities arising from a Single Transaction (Proposed amendments to IAS 12)  14 November 2019
Amendments to IFRS 17  26 August 2019
Reference to the Conceptual Framework (Proposed amendments to IFRS 3)  27 September 2019
Annual Improvements to IFRS® Standards 2018–2020  20 August 2019
Interest Rate Benchmark Reform (Proposed amendments to IFRS 9 and IAS 39) 17 June 2019
Onerous Contracts – Cost of Fulfilling a Contract (Proposed amendments to IAS 37) 15 April 2019
Financial Instruments with Characteristics of Equity  7 January 2019
Accounting Policy Changes (Proposed amendments to IAS 8) 25 June 2018
Definition of 'Material' 24 November 2017
Proposals for Accounting Policies and Accounting Estimates 24 November 2017
Property, Plant and Equipment—Proceeds before Intended Use  25 August 2017
Post-implementation Review—IFRS 13 Fair Value Measurement 23 August 2017
Disclosure Initiative - Principles of Disclosure 18 August 2017
For-profit Entities: Proposed improvements to IFRS 8 Operating Segments 17 June 2017
Proposed amendments to IFRS 9 Financial Instruments    24 May 2017
Annual Improvements to IFRS Standards 2015–2017 Cycle 17 March 2017
Title Comments closed

Definition of Material

 14 July 2025

Tangible Natural Resources

28 February 2025

Limited-scope updates to first-time adoption of IPSAS (Amendments to IPSAS 33)

13 December 2024

Amendments to IPSAS as a Result of the Application of IPSAS 46, Measurement

25 October 2024

Amendments to Consider IFRIC Interpretations

27 May 2024

Arrangements Conveying Rights over Assets

17 May 2024

Stripping Costs in the Production Phase of a Surface Mine (Amendments to IPSAS 12)

31 May 2024

Exploration for and Evaluation of Mineral Resources

31 May 2024

IPSASB Strategy and Work Program 2024-2028 Consultation

15 December 2023

Improvements to IPSAS 2023

24 November 2023

Concessionary Leases and Right-of-Use Assets In-kind (Amendments to IPSAS 43 and IPSAS 23)

17 May 2023

Natural Resources

17 October 2022

Retirement Benefit Plans

1 August 2022
Conceptual Framework Update: Chapter 3, Qualitative Characteristics and Chapter 5, Elements in Financial Statements 31 May 2022
Mid-period Work Program Consultation 30 November 2021
Improvements to IPSAS, 2021 30 September 2021
Non-current Assets Held for Sale and Discontinued Operations 2 September 2021
Property, Plant and Equipment 2 September 2021
Measurement 2 September 2021

Conceptual Framework Update: Chapter 7, Measurement of Assets and Liabilities in Financial Statements

2 September 2021

Leases

Request for information, Concessionary Leases and Other Arrangements Similar to Leases

28 April 2021
IPSAS 5, Borrowing Costs – Non-authoritative Guidance 1 March 2021
Revenue with Performance Obligations 23 September 2020
Revenue without Performance Obligations 23 September 2020
Transfer Expenses 23 September 2020
COVID 19: Deferral of Effective Dates 15 August 2020
Public Sector-specific Financial Instruments: Amendments to IPSAS 41, Financial Instruments 15 November 2019
Improvements to IPSAS, 2019 30 September 2019
Measurement 9 August 2019
Collective and Individual Services and Emergency Relief (Amendments to IPSAS 19)  31 May 2019
Long-term Interests in Associates and Joint Ventures (Amendments to IPSAS 36) and Prepayment Features with Negative Compensation (Amendments to IPSAS 41) 22 October 2018

Improvements to IPSAS, 2018

15 July 2018
Leases 30 June 2018
Proposed Strategy and Work Plan 2019–2023 15 June 2018
Social Benefits 23 February 2018
Proposed accounting for revenue and non-exchange expenses 22 November 2017
Proposals for Financial Instruments 13 November 2017
Financial Reporting for Heritage in the Public Sector 18 August 2017

Periodically, the XRB Board calls for submissions on particular matters.  

Consultation title Date
Targeted Review of the NZ Accounting Standards Framework 15 Nov 2019

Auditing and assurance standards

Title Comments closed

Sustainability Assurance, Ethics and Independence, and Using the Work of an External Expert 

10 October 2025

Audits of Less Complex Entities

27 February 2025

Review of Service Performance Information

17 July 2024

Public Interest Entity Amendments to Auditing and Assurance Standards

4 June 2024

Audit of Service Performance Information Consultation

17 March 2023

Assurance over GHG Emissions Disclosures

24 March 2023

Assurance Over Financial Information Prepared in Connection with a Capital Raising

26 September 2022

Proposed revisions to the definitions of listed entity and public interest entity in PES 1

15 August 2022

Annual Improvements and Conforming Amendments to the Domestic Assurance Standards

15 March 2022

Proposed Deferral of NZ AS 1 The Audit of Service Performance Information

22 November 2021

Amendments to Professional and Ethical Standard 1: Non-Assurance Services

31 October 2021

Conforming and Consequential Amendments to NZ AS 1

17 September 2021
Quality Management 30 April 2021

Annual Improvements 2020

15 February 2021
Proposed ISRS (NZ) 4400 Agreed-Upon Procedures Engagements  15 September 2020
Amendments to XRB Au1  8 June 2020
Proposed Amendments to PES 1: Part 2, Assurance Practitioners Performing Professional Activities Pursuant to their Relationship with the Firm  20 July 2020
Conforming Amendments to Auditing and Assurance Standards: Implications of the Revised Professional and Ethical Standard 1 on the NZAuASB's Standards 24 January 2020
Proposed amendments to ISA (NZ) 560 Subsequent Events 13 December 2019
Amendments to New Zealand Standard on Review Engagements 2410 Review of Financial Statements Performed by the Independent Auditor of the Entity   14 October 2019
NZ AS 1 The Audit of Service Performance Information   1 October 2018
NZAuASB ED 2018-1 Professional and Ethical Standard (PES)1, International Code of Ethics for Assurance Practitioners (including International Independence Standards) (New Zealand) (ED 2018-1) 2 November 2018
New Zealand Auditing Standard XX The Audit of Service Performance Information 20 December 2017
Proposed Amendments to the Definition of a Public Interest Entity 27 November 2017
Proposed Amendments to PES 1 (Revised) Provisions Addressing the Long Association of Personnel with an Assurance Client   31 July 2017
Title Comments closed
IAASB’s and IESBA’s 2028 – 2031 strategy and workplan 13 March 2026
Use of external experts narrow-scope amendments 10 July 2025
Auditor Responsibilities Relating to Fraud in a financial statement audit 15 May 2024
Narrow Scope Amendments: Public Interest Entities 8 April 2024
Sustainability Assurance 20 November 2023
Going Concern 31 July 2023
Audits of Group Financial Statements of the proposed ISA for LCE 2 May 2023
Proposed IAASB Strategy and Work Plan 2024-2027 11 April 2023
Audit Evidence 15 March 2023
Proposed amendments to auditing standards to operationalise transparency 4 October 2022
Submissions received by NZAuASB on Audits of Less Complex Entities (LCEs) 5 November 2021
NZAuASB Submission on Conforming Amendments to Other Assurance Engagement Standards and Review Engagements 10 May 2021
Proposed Revisions to ISA 600: Audits of Group Financial Statements  20 August 2020
Proposed Guidance on Extended External Reporting (EER) Assurance 12 June 2020
Proposed Conforming Amendments to the IAASB’s International Standards  10 January 2020
Audits of Less Complex Entities: Exploring Possible Options to Address the Challenges in Applying the International Standards on Auditing (ISAs)  22 August 2019
International Standard on Quality Management 1 July 2019
Extended External Reporting Assurance    21 June 2019
IAASB Future Strategy & Work Plan Consultation   4 June 2019
ISA 315 (Revised) Identifying and Assessing the Risk of Material Misstatement  2 November 2018
Proposed International Standard on Auditing Accounting Estimates and Related Disclosures 1 July 2017
IAASB seeks your input on Agreed-upon Procedures Engagements and Other Services  6 March 2017
IAASB Seeks Input on the Growing Use of Data Analytics in the Audit 25 January 2017
Title Comments closed
IAASB’s and IESBA’s 2028 – 2031 strategy and workplan 13 March 2026
Auditor Independence - Collective investment vehicles and pension funds 13 June 2025
Proposed changes to the Code of Ethics for sustainability assurance 15 April 2024
Proposed changes to the Code of Ethics around using the work of an External Expert 15 April 2024
IESBA Strategy and Work Plan 2024-2027 7 July 2023
Looking Beyond 2023! IESBA Calls for Stakeholder Input on Future Strategy 8 July 2022
Definition of Engagement Team and Group Audits – Proposed Code revisions 16 May 2022
Proposed Technology-related Revisions to the Code 9 May 2022
21 September 2021

Proposed Revisions to the Definitions of Listed Entity and Public Interest Entity in the Code

25 March 2021
Proposed revisions to the non-assurance services provisions of the Code 4 June 2020
Proposed revisions to the fee-related provisions of the Code 4 June 2020
IESBA Proposed Revision to the International Code Addressing the Objectivity of Engagement Quality Reviewers  28 February 2020
Proposed Revisions to Part 4B of the Code of Ethics 26 June 2019
Professional Scepticism – Meeting Public Expectations 15 August 2018
Proposed Strategy and Work Plan, 2019-2023 16 July 2018
IESBA Fees Questionnaire 1 March 2018
Proposed Revision to the Code Pertaining to the Offering and Accepting of Inducements 8 November 2017
Proposed Application Material Relating to Professional Scepticism and Professional Judgement 7 July 2017
IESBA’s Strategy and Work Plan Beyond 2018  1 July 2017

Improving the Structure of the Code of Ethics for Professional Accountants – Phase 2

25 May 2017
Proposed Revisions to Clarify the Applicability of Provisions in Part C of the Extant Code to Professional Accountants in Public Practice 25 April 2017
Proposed Revisions Pertaining to the Safeguards in the Code – Phase 2 and Related Conforming Amendments 25 April 2017

Climate standards

Consultations