NZASB Update 15/2020

Upcoming NZASB Meeting

 This NZASB Update provides you with an overview of the New Zealand Accounting Standards Board’s recent activities, any new standards or interpretations, as well as other matters of interest.

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Upcoming NZASB Meeting

13 August 2020

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Applies to:

For-profitNot-for-profitPublic Sector

The NZASB meeting will be a full day meeting held via videoconference.

The Board will consider the following standards for approval :

  • Going Concern Disclosures (Amendments to FRS-44);
  • Going Concern Disclosures (Amendments to PBE IPSAS 1);
  • Amendments to NZ IFRS 17;
  • Amendments to PBE IFRS 17;
  • Extension of the Temporary Exemption from Applying NZ IFRS 9;
  • 2020 Amendments to PBE FRS 48; and
  • Classification of Liabilities as Current or Non-current – Deferral of Effective Date

The Board will also discuss the draft comment letter on the three IPSASB EDs on Revenue and Transfer Expenses.

You can access the public agenda and public meeting papers for the 13 August meeting now on our website.

Have a look

Please note: This meeting is  a virtual meeting, via video conference.  It is important that you first register to then receive the link to join the meeting.  You will receive confirmation of your registration and following that prior to the meeting we will send you a meeting invitation containing a link to join the meeting. 

We ask you to NOT forward this link to any others without our prior agreement. Others you may know who are interested in the joining the meeting must first register on the meeting page to then receive the link.

We use Microsoft Teams for all our virtual meetings. While you may have attended online meetings before, using other platforms (e.g. Zoom) if you have not been part of a Teams meeting before, we ask you to be sure you read our Guidelines for External Participants in XRB Online Meetings before you join the meeting.

Have a look

This NZASB Update is intended to provide subscribers with a summary of the recent activities of the New Zealand Accounting Standards Board (NZASB). Links to websites are correct at the time of publication. Subscribers should not rely on this newsletter as a definitive publication of updates. The External Reporting Board and its sub-Board the NZASB do not guarantee, and accept no legal liability whatsoever arising from or connected to, the accuracy, reliability, currency, timeliness or completeness of this newsletter. The information contained in this newsletter does not constitute advice and should not be relied upon as such.

This NZASB Update refers to the work of the International Accounting Standards Board (IASB) and the International Public Sector Accounting Standards Board (IPSASB) and uses registered trademarks of the IFRS Foundation (for example, IFRS® Standards, IFRIC® Interpretations and IASB® papers).