New staff guidance
Going concern – for-profit entities
The XRB published staff guidance for directors and preparers of financial statements in the for-profit sector, to support high-quality going concern assessment and disclosure in uncertain times. It also explains how upcoming changes to the auditing standard on going concern will enhance audit requirements and affect the auditor’s report. Read the staff guidance here.
Service performance information (SPI) for Tier 1 and 2 not-for-profit entities
We have published practical factsheets to help Tier 1 and 2 not-for-profit entities understand the reporting process, key concepts and other matters raised through the 2025 consultation.
Incorporated societies – Tier 3 and 4
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.
Tier 3 and 4 public benefit entities
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.
NZ IFRS 18 insights – for-profit entities
We recently held a panel event to support the implementation of NZ IFRS 18 Presentation and Disclosure in Financial Statements, featuring Dr Andreas Barckow, Chair of the IASB. The discussions covered the likely impact of the standard, key practical issues, and how entities are preparing for the mandatory date of 1 January 2027.
The following material from this event is available on our website.
Recording (and slides) of Dr Barckow’s presentation on IFRS 18 and other international developments – Provides an overview of the background of IFRS 18 and why it was introduced.
Recording of the panel discussion on NZ IFRS 18 which features views from practitioners and preparers – Provides practical views and matters to consider when preparing for the adoption of NZ IFRS 18.
Upcoming NZASB Meeting
The next NZASB meeting is on Thursday 11 June 2026 – register to observe.
Key topics for discussion will include:
Open consultations
For-profit entities
For banks and insurers: Risk Mitigation Accounting – Proposed amendments to IFRS 9 and IFRS 7 – Comments to XRB close on 16 November 2026.
Important – The above consultation proposes to withdraw IAS 39 Financial Instruments: Recognition and Measurement. All entities still applying the IAS 39 hedge accounting principles should consider these proposals and can reach out or provide feedback on this aspect of the proposals.
Public benefit entities (PBEs) – Tiers 1 and 2
IPSASB ED 95 Improvements to IPSAS Accounting Standards – Volume 10 – comments to XRB close on 2 June 2026.
IPSASB ED 96 Definition of an Operation and Recognition of Acquired Liabilities and Contingent Liabilities (Amendments to IPSAS 40) – comments to XRB close on 2 June 2026.
IPSASB ED 97 IPSAS Practice Statement – Making Materiality Judgements – comments to XRB close on 3 July 2026.
IPSASB Consultation Paper Presentation of Financial Statements – comments to XRB close on 17 July 2026.
