NZASB Update #19

This NZASB Update provides you with an overview of the New Zealand Accounting Standards Board’s recent activities, any new standards or interpretations, as well as other matters of interest.


Board meeting postponed imageThe NZASB meeting scheduled for 1 August 2018 has been postponed.

Non-public items — including discussing the Strategic Action Plan — will now be considered by the Board at the rescheduled meeting date on Thursday, 16 August 2018.

The remaining public items have been deferred until the next scheduled NZASB meeting date of Wednesday 12 September 2018, to be held at the Heritage Hotel in Auckland.

You can access the public agenda, meeting papers and register to attend the NZASB’s September Board meeting on the XRB website. We will upload the meeting papers to the website a week before the meeting.

Canadian Accounting Standards Board (AcSB) releases survey on Alternative Performance Measures

AcSB logoThe AcSB has released this survey to capture feedback on its Draft Framework for Reporting Performance Measures.

The survey is open until 17 September 2018. We encourage you to complete this short survey.

Access the survey here

Have your say...

Have your say imageBefore issuing a finalised accounting standard the NZASB and international standard-setting boards, such as the International Accounting Standards Board and the International Public Sector Accounting Standards Board, issue consultation documents. These documents seek your feedback on proposals that could potentially affect you.

We are currently consulting on the matters set out in the tables below. 

We welcome your comments and feedback, either formal or informal, by the due dates below. Tell us how these changes could affect your entity or the entities you work with.




Comments due to the NZASB

Comments due to the IASB

IASB DP/2018/1

Financial Instruments with Characteristics of Equity

7 Nov 2018

7 Jan 2019

Not-for-profitPublic Sector

Tier 1 & Tier 2



Comments due to the NZASB

Comments due to the IPSASB

NZASB ED 2018-3

2018 Omnibus Amendments to PBE Standards

28 Sept 2018



This NZASB Update is intended to provide subscribers with a summary of the recent activities of the New Zealand Accounting Standards Board (NZASB). Links to websites are correct at the time of publication. Subscribers should not rely on this newsletter as a definitive publication of updates. The External Reporting Board and its sub-Board the NZASB do not guarantee, and accept no legal liability whatsoever arising from or connected to, the accuracy, reliability, currency, timeliness or completeness of this newsletter. The information contained in this newsletter does not constitute advice and should not be relied upon as such.