Key Audit Matters cover 

The XRB and FMA have published the results of their joint analysis of Key audit matters – A stock-take of the first year in New Zealand


As well as reviewing the auditor’s reports of 168 entities, the survey engaged directly with investors, preparers, directors and auditors.


The purpose of this publication is to provide insights into the experience to date to help improve New Zealand auditor reporting.Take-up of the new requirements for extended auditor’s reports has been positive.


Image of Guide funding pdf

The most commonly used and best-known assurance engagement is an audit of financial statements, but there are also many other options available. 


Some not-for-profit (NFP) organisations are required by law to have their financial statements audited or reviewed, but not all. 


This booklet provides funding organisations with an overview of the different assurance options available to not-for-profits and how to choose the right one.


Assurance engagements give stakeholders’ confidence in the credibility of an organisation’s information. 

In view of the growing international and local trend for companies to disclose Alternative Performance Measures (APMs), this survey enables better understanding of how APMs are viewed by users of financial reports in New Zealand and whether they are effective in meeting user needs.


Our findings and indications of how APMs and related information can be improved will help us ensure corporate performance reporting remains appropriate, credible and meets user needs.