Adoption provision extensions
The following amending standards have now been issued and are available on the XRB website:
Amendments to Adoption of Aotearoa New Zealand Climate Standards 2025
This amending Standard makes changes to NZ CS 2 Adoption of Aotearoa New Zealand Climate Standards. The amendments extend the adoption provisions for an additional two years for: (i) anticipated financial impacts; (ii) scope 3 GHG emissions (and related extensions to the adoption provisions relating to comparatives for scope 3 GHG emissions and analysis of trends); and (iii) scope 3 GHG emissions assurance.
Amendment to Assurance Engagements over Greenhouse Gas Emissions Disclosures 2025
This amending Standard makes changes to New Zealand Standard on Assurance Engagements 1 (NZ SAE 1) Assurance Engagements over Greenhouse Gas Emissions Disclosures.
The amendment is consistent with the amendment of an assurance related adoption provision in NZ CS 2 Adoption of Aotearoa New Zealand Climate Standards giving an additional two years before scope 3 GHG emissions disclosures assurance is required.
Read our most recent XRB Update for more information.
Upcoming board meetings
New Zealand Auditing and Assurance Standards Board (NZAuASB) meeting –
The key topics to be discussed include:
Work plan and priorities
International alignment with sustainability assurance ethics and independence and using the work of an external expert
Draft updated guidance on Audit Implications of the Use of Service Organisations for Investment Management Services
Technology
