Accounting Standards Alert

For entities that invest in associates and joint ventures: Amendments to the Fair Value Option for Investments in Associates and Joint Ventures – Proposed amendments to IAS 28 broadens the measurement scope to allow a fair value option – Comments to XRB close on 1 April 2026.

For banks and insurers: Risk Mitigation Accounting – Proposed amendments to NZ IFRS 9 and NZ IFRS 7 – Comments to XRB close on 20 May 2026.

Incorporated societies

Reminder: New legislation for incorporated societies is now in effect. To understand how these changes impact your financial reporting requirements, visit our incorporated societies webpage.
Upcoming Webinar: Need to Know – Financial reporting requirements for incorporated societies webinar on Wednesday 18 March 2026 – 12:30pm – 1:30pm – Register here.
New guidance documents supporting adoption and implementation: We have published a series of short guidance documents to support societies that are adopting the Tier 3 (Not-for-profit) Standard for the first time. All guidance is available on our incorporated societies resources webpage.
The guidance covers key areas such as:

Tier 3 and 4 Frequently Asked Questions

Additional FAQs: We have updated our Tier 3 and Tier 4 FAQs to address common application questions and practical issues that arise when applying the Tier 3 and Tier 4 Standards in practice. The FAQs are available on our Tier 3 and 4 FAQs webpage.

New service performance reporting factsheets

New factsheets: In response to the 2025 consultation on the reporting and assurance of service performance information, we have developed new and helpful service performance reporting factsheets. These practical factsheets outline the service performance reporting process, key concepts to consider and other relevant matters when thinking about service performance information. 
Please contact accounting@xrb.govt.nz if you have any comments or feedback on this material.

Open consultations

IPSASB 2025 Work Programme Consultation – comments to XRB close on 26 March 2026.
IPSASB ED 94 Linkages Between IPSAS Standards and the Government Finance Statistics Manual 2014 (Amendments to IPSAS 22) – comments to the XRB close on 25 May 2026.