External Reporting Board Standard Au1 reissued
We have reissued External Reporting Board Standard Au1, Application of Auditing and Assurance Standards.
This standard lists the auditing and assurance standards to be applied by assurance practitioners when conducting an assurance engagement or related services engagement in accordance with standards issued by the External Reporting Board (XRB).
Joint Trans-Tasman Roundtable on Post-Implementation Reviews on the Code of Ethics
Accounting Professional & Ethical Standards Board (APESB) and the XRB invite you to a joint virtual roundtable discussion on Wednesday, 3 June 2026 to seek views on:
The clarity and usability of PES 1 International Code of Ethics for Assurance Practitioners (including International Independence Standards) (New Zealand).
The provisions for responding to non-compliance with laws and regulations in PES 1.
Your input will inform our response to the International Ethics Standards Board for Accountants (IESBA) post-implementation review survey and we have extended the respective consultations until 3 June 2026.
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 3 June 2026.
Post-implementation review of the restructured Code. Feedback to the XRB closes 3 June 2026.
