Policy Statements

Policy for dealing with audit reports

In September 2016, we issued a policy setting out the processes the XRB Board and our sub-Boards — the NZASB and the NZAuASB — will follow when auditors send us modified audit reports under the Companies Act 1993 and the Financial Markets Conduct Act 2013.

The policy also applies when we receive audit reports from any other party.


Policy for developing PBE Standards

The XRB Board and the NZASB has developed this Policy Approach to Developing the Suite of PBE Standards to assist the NZASB in making consistent decisions when developing the suite of PBE Standards, that is, when considering enhancements and developments to the suite of PBE Standard in the future.

PBE Standards are based primarily on International Public Sector Accounting Standards (IPSAS).