Accounting Standards Alert

5 October 2026

New consultations

For-profit entities: Request for Information - Post-implementation Review IFRS 9 and IFRS 7 Hedge Accounting Requirements – Comments to XRB close on 11 January 2027.

We want to hear your feedback on how the hedge accounting requirements in NZ IFRS 9 Financial instruments and the associated disclosure requirements in NZ IFRS 7 Financial Instruments: Disclosures are working in practice, including the costs and benefits of applying these requirements to your hedges.

Your comments will help inform our feedback to the IASB on its Request for Information - Post-Implementation Review IFRS 9 and IFRS 7 Hedge Accounting Requirements.

Upcoming NZASB Meeting

The next NZASB meeting is Monday 12 October 2026 – Register to observe.  Key topics for discussion include:

2027 Review of the Accounting Standards Framework (ASF)

• Harmonisation with Australia  

• IPSAS and IFRS Accounting Standards alignment  

• Tier 1 and Tier 2 public sector entities reporting framework options

• Tier 1 and Tier 2 not-for-profit entities reporting framework options

• Tier 3 and Tier 4 public benefit entities reporting framework options

• Entities voluntarily opting in to XRB reporting standards

• Mixed group reporting issues  

For-profit entities

• Approval of NZ IFRS 20 Regulatory Assets and Regulatory Liabilities  

• Approval of Consequential Amendments to NZ IFRS arising from NZ IFRS 20  

• Consideration RDR concessions for Tier 2 entities for disclosures in NZ IFRS 20

• Consideration of IASB’s Request for Information - Post-implementation Review IFRS 9 and IFRS 7 Hedge Accounting Requirements

Share your comments on the Accounting Standards Framework (ASF)

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.

Join us for the following updates about the ASF review:

• Introduction to the Review of the Accounting Standards Framework – Part 2: Tuesday 20 October 2026, Midday – 1:30pm. Topics covered will include public sector tiers and thresholds and the reporting framework options for Tier 1 and Tier 2 public sector entities. Register for the event here.

• Introduction to the Review of the Accounting Standards Framework – Part 3: Tuesday 8 December 2026, Midday – 1:30pm. Topics covered will include not-for-profit tiers and thresholds and the reporting framework options for Tier 1 and Tier 2 not-for-profit entities. Register for the event 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.

Other 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

We have 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.