Implications for Financial Reporting

  • For-profit
  • Not-for-profit
  • Public Sector

Here we provide links to useful information and guidance on accounting for the current impact and emerging risks arising from COVID-19 in general purpose financial statements (GPFRs). 

We will continue to update this content regularly to include additional audit considerations that come to hand due to the impact of COVID-19. We welcome your feedback. If you have any specific questions, please contact us.


The IFRS Foundation has published educational materials to support the consistent and robust application of IFRS 9 Financial Instruments during this period of enhanced economic uncertainty arising from the COVID-19 pandemic.

The educational material is relevant to Tier 1 and Tier 2 for-profit entities applying NZ IFRS 9 Financial Instruments. The material may also be relevant to Tier 1 and Tier 2 public benefit entities (PBEs) applying PBE IPSAS 41 Financial Instruments or PBE IFRS 9 Financial Instruments.

Have a look


Where else can I get information?

Here are some useful links to a selection of resources available on the implications for financial reporting from COVID-19.

This is by no means a complete list of resources available and we note that including a resource here does not imply the XRB's specific endorsement of it.

We encourage you to consult directly with the source of the guidance for further information.