Assurance standards reissued and amendments to auditing standards issued
We have now reissued review engagement, quality management and other assurance standards and issued amendments to auditing standards 2026 to include:
amendments relating to using the work of an external of expert
amendments resulting from the fraud and going concern revisions and the issue of International Standards on Sustainability Assurance (New Zealand) 5000, General Requirements for Sustainability Assurance Engagements
amendments to enable interoperability with the requirement for the firm to publicly disclose when the independence requirements for public interest entities are applied
narrow scope amendments because of revisions to the definitions of listed entity and public interest entity
enhancements for drafting of secondary legislation in New Zealand, for example: title of standards, revocation of prior versions of standards, and minimum legislative information.
Below each reissued standard on our website, you can view standards in track changes, marked for transparency.
The reissued standards are applicable for periods beginning on or after 15 December 2026.
If you have any questions, please contact us at assurance@xrb.govt.nz.
Open consultations
Post-implementation review of ISA (NZ) 540, Auditing Accounting Estimates and Related Disclosures. Feedback to the XRB closes 13 May 2026.
Post-implementation review of provisions for responding to non-compliance with laws and regulations. Feedback to the XRB closes 21 May 2026.
Post-implementation review of the restructured Code. Feedback to the XRB closes 25 May 2026.
In case you missed it
A recording, and the slide pack, of our March Need-to-know Audit & Assurance update is available here which covered:
Staff guidance on audits of less complex entities and audit of service performance information.
Recently issued standards:
Consultations on post implementation review on auditing accounting estimates and related disclosures.
