Accounting Standards Alert

8 September 2026

Webinar tomorrow on the upcoming review of the Accounting Standards Framework

Introduction to the review of the Accounting Standards Framework – Part 1 (Wednesday 9 September 2026, Midday – 1:30pm)

Join us for our first introductory webinar on the XRB’s upcoming review of the Accounting Standards Framework (ASF), covering the ASF background, purpose and scope of the review and options that we plan to explore in the future Discussion Paper in relation to the ASF’s sectors and reporting frameworks for for-profit entities. Register for the event here.

Share your comments on the Accounting Standards Framework

As part of our upcoming review of the ASF, we are sharing our early key element analysis and framework options considered in advance of issuing a Discussion Paper in May 2027.  

We welcome your feedback through our short surveys to help us identify any gaps and improve the options under consideration. Read about our review and early analysis and have your say here.

Upcoming events

Need-to-know Accounting Updates

Join us for the following updates about what is happening in the accounting standards space:

• Tier 1 and Tier 2 for-profit entities: Tuesday 3 November 2026, Midday – 1:00pm. Register for the event here.

• Tier 1 and Tier 2 public sector entities: Tuesday 17 November 2026, Midday – 1:00pm. Register for the event here.

• Tier 1 and Tier 2 not-for-profit sector entities: Tuesday 23 November 2026, Midday – 1:00pm. Register for the event here.

• Tier 3 and Tier 4 public benefit entities: Tuesday 26 November 2026, Midday – 1:00pm. Register for the event here.

For details on other XRB events refer to our Events page.

Current 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.  

• For stakeholders interested in standard-setting processes:  Proposed Targeted Amendments to the IFRS Foundation Constitution – Comments to IASB close on 16 November 2026.

Recently issued

For-profit entities

Amendments to the Fair Value Option for Investments in Associates and Joint Ventures (Amendments to NZ IAS 28) – Read the Standard here.  

Guidance to help support your reporting  

NZ IFRS 18 guidance – for-profit entities

For guidance and resources to help support your implementation of NZ IFRS 18 Presentation and Disclosure in Financial Statements, refer to our NZ IFRS 18 webpage.

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) – Tier 1 and Tier 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 Tier 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.

Public benefit entities – Tier 3 and Tier 4

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.