Accounting and Auditing & Assurance standards ensure transparent and consistent external financial reporting.  Reporting helps build greater trust and confidence with stakeholders such as shareholders, investors, donors, funders, and customers.

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New: View Standards web pages here   


Many New Zealand organisations such as businesses, not-for-profit organisations and Government, have a legal obligation to prepare and publish financial reports which apply XRB standards. These organisations are also required to have an independent audit or review of its financial results.

The XRB standards state what and how entities must report. These requirements are incorporated into the XRB's financial reporting strategy 

The following Acts set out which types of organisations must produce, obtain assurance, and publish financial statements.  

  • Charities Act 2005
  • Companies Act 1993
  • Crown Entities Act 2004 
  • Education and Training Act 2020
  • Financial Markets Conduct Act 2013
  • Friendly Societies and Credit Unions Act 1982
  • Gambling Act 1993
  • Incorporated Societies Act 2022
  • Industrial and Provident Societies Act 1908
  • Local Government Act 2002
  • Limited Partnerships Act 2008
  • Māori Trusts Boards Act 1955
  • Partnership Law Act 2019
  • Public Finance Act 1989
  • Te Ture Whenua Māori Act 1993
  • Unit Titles Act 2010.