Our Research

We carry out user-needs research — deliberate, organised empirical research into the financial and non-financial information needs of the various users of XRB standards.

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Our research activity is based on one of our key objectives – to ensure that accounting and auditing & assurance standards are based on a user-needs approach.  

This enhances our understanding of user needs in New Zealand, and helps inform future decisions about the standards' frameworks and policy matters – both locally and in the international arena. 

Aotearoa New Zealand Climate-Related Disclosure Framework evaluation - Interim report published

As part of our research into assessing the effectiveness of the Aotearoa New Zealand Climate-Related Disclosure Framework, we have published an interim report by the university of Otago. The report describes the research methodology and provides baseline data and preliminary findings from the initial stage of the research. It includes a literature review and insights on voluntary climate-related reporting in New Zealand to date.

The final report will be published in late 2025 and will examine published Climate Statements to assess the effectiveness of the Aotearoa New Zealand Climate-related Disclosure Framework in meeting its purposes. These are:

  • to encourage entities to routinely consider the short, medium and long-term risks and opportunities that climate change presents for the activities of the entity or the entity's group
  • to enable entities to show how they are considering risks and opportunities
  • to enable investors and other stakeholders to assess the merits of how entities are considering those risks and opportunities


Trust and Confidence: Views from Audit Committee Chairs

We commissioned research into Audit Committee Chairs perceptions of quality and performance of audits
to inform discussions on the role of audit in maintaining trust and confidence in financial reporting in New Zealand, and to examine how the standards we issue, contribute to enhancing trust and confidence in New Zealand.

The research found that trust and confidence in reported information in New Zealand is high and that
auditing standards are a key contributing factor to this. Alignment with international and Australian
accounting and auditing standards is seen as important – confirming that our convergence and
harmonisation policy is serving listed entities in New Zealand well.


Enhancing Audit Quality Report

We are pleased to issue our report on Enhancing Audit Quality: Aotearoa New Zealand Auditing Standards – supporting Auditors to perform high quality audits.

Our report provides commentary on findings from selected focus areas mentioned in the recent Audit Quality Monitoring Report from Financial Markets Authority - Te Mana Tātai Hokohoko.

We also highlight some future standard-setting activities that will further improve audit quality in these areas. 



2022 Key Audit Matters Report

We commissioned the University of Auckland to undertake research into reporting practices for key audit matters (KAMs) to assess how the standard is being applied since it was first introduced in 2017. 

The research reviewed 235 audit reports across a broad range of industry and entity types and assessed:

-  Number and type of KAMs 

-  Whether KAMs are generic or entity specific 

-  Length and reading ease 

-  Voluntary reporting