NZAuASB Update 1/2020

An invitation to breakfast...

This NZAuASB Update provides you with an overview of the New Zealand Auditing and Assurance Standards Board’s recent activities, any new standards or FAQs, as well as other matters of interest.

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Auditor Independence:

Non-Assurance Services and Fees

You're invited!

The International Ethics Standards Board for Accountants (IESBA) is proposing to strengthen the independence requirements in the Code of Ethics.


Join us for breakfast and meet Sylvie Soulier, IESBA Board member, who is visiting New Zealand to talk to New Zealand stakeholders about the IESBA proposals and to hear your views.


Date and time

Friday 31 January 2020

Light breakfast from 7:45AM

Presentation 8:00AM-9:30AM 

(Please advise us of any particular dietary requirements)


Wellington TBC

(Please tell us if you would like to join by video conference—either by attending XRB’s Auckland Office in person or accessing the session remotely online).


Please confirm your acceptance by 17 January 2020 to:




Matters Sylvie wants to explore with us:

Non-assurance services (NAS)
  • Prohibit NAS creating self-review threats.
  • Withdraw materiality qualifier for NAS. provided to public interest entities.
  • Strengthen communication with those charged with governance (TCWG).
  • Establish thresholds to re-evaluate threats and safeguards.
  • Improve communication with TCWG.
  • Enhance transparency about fees to the public.

This NZAuASB Update is intended to provide subscribers with a summary of the recent activities of the New Zealand Auditing and Assurance Standards Board (NZAuASB). 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 NZAuASB 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.