Review of Simple Format Reporting Standards

Beginning in September 2020 the New Zealand Accounting Standards Board (NZASB) conducted a post-implementation review of the Tier 3 and Tier 4 Standards used by not-for-profit and public sector entities.

At this time the NZASB issued a request for information to receive feedback (submissions closed on 31 March 2021).

Feature Image


The NZASB has completed its analysis of submissions received on the request for Information. The responses indicate that in general, the Tier 3 and Tier 4 Standards are working well. However responses also highlighted several areas which the NZASB will be considering further over the second half of 2021 and early 2022.

We have published a feedback statement which outlines the main issues raised by respondents and the NZASB's agreed next steps in response to those isues. Read the full feedback statement here.

About the Review

The Tier 3 and Tier 4 Standards have been in place for not-for-profit and public sector entities since 2014. After being in place for six years, the NZASB considered it was timely to conduct a review to understand how they were working.  

The review included the Tier 3 and 4 Standards, Guidance Notes, and the Optional Reporting Templates. Read the request for information document here.


Because we want to make sure we get the standards right, it will take some time for us to address all the comments received. We will also seek your feedback before any changes are made to the Tier 3 and Tier 4 Standards.

We will update this page as we go through the process. You can also see where we are in the process on the timeline below.