Publications

 Small Charities Assurance Needs cover

There seems to be a lack of understanding by funders of small charities about the value of  audit or review of a charity's financial statements and what can reasonably be expected from an assurance engagement.

 

This booklet sets out the findings from our recent research looking at what drives small charities to obtain assurance over their financial statements.

 

We also wanted to find out if the needs of funders—philanthropic funding bodies and government agencies—were appropriately addressed by small charities' assurance engagements. 


A Guide for Prescribers 

Prescribers — regulators, government departments and others — often require entities to seek professional services. This is to establish a level of trust and confidence over specified information, such as financial reports.

 

This booklet provides you an overview of all the matters you need to take into account where either new or existing legislation or policy documentation you are preparing requires an assurance engagement. 


 Cover of Research Report "Are financial reports meeting user needs?"

This is the first comprehensive study into the needs of users of Tier 2 for-profit entity financial reports in New Zealand. The findings are consistent with our earlier similar research for Tier 1 for-profit entities operating in New Zealand domestic capital markets.

 

Both groups of users find financial statements useful and they trust them. However, both groups also want to see financial reports continue to evolve and improve, and where possible to be shorter and simpler.

 

The research will be used to drive discussion and debate around Tier 2 accounting requirements in New Zealand.


Key Audit Matters coverKey audit matters – A stock-take of the first year in New Zealand 

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.

 


A Guide for Funders
A guide for funding organisations

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. 


Alternative Performance MeasuresAPM Survey Report

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.