Accounting Standards Board

Role and Responsibilities

The New Zealand Accounting Standards Board (NZASB) has delegated authority from the XRB Board to develop and issue New Zealand's accounting standards. NZASB is a committee of the XRB Board established under Schedule 5 of the Crown Entities Act.

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Meet our NZASB Board Members

The NZASB has up to 10 members with a focus on diversity of experience and perspective. Members of the NZASB are appointed by the XRB and are all part time. They are remunerated in accordance with rates determined by the Remuneration Authority.

Carolyn Cordery

Carolyn is a Professor at the School of Accounting and Commercial law at Victoria University of Wellington.Carolyn has undertaken commissioned research projects, published internationally, and is on the editorial board of several academic journals. She teaches risk management, financial reporting and audit. She is a Fellow of Chartered Accountants Australia and New Zealand and a Fellow of CPA Australia.

Michael Bradbury

Michael is a Professor of Accounting at Massey University, Albany. He is currently an associate editor of the Australian Journal of Management and is on the editorial board of seven other journals. Mike served on the Financial Reporting Standards Board of the Institute of Chartered Accountants of New Zealand for 10 years, the International Joint Working Group of Standard Setters, Financial Instruments, IFRIC and the International Financial Reporting Standards Advisory Council.

Nives Botica Redmayne

Nives is currently an Associate Professor in Accountancy at the Massey University School of Accountancy and Business School, Palmerston North campus.

Nives is the President for 2021 of Chartered Accountants Australia and New Zealand. She is also appointed by the Financial Markets Authority (FMA) as a member of the Auditor Oversight Committee (AOC).  Nives is also a board member for a number of Manawatu community groups, societies and charities.

Francis Caetano

Francis is the Group Financial Controller at Auckland Council. Francis has over 30 years’private and public sector financial reporting experience, internationally as a Partner with Deloitte’s Southern African practice and recently with Audit New Zealand specialising in Local Government and Crown Entity sectors.

Richard Perry

Richard is an experienced executive and director with over 25 year’s experience in senior roles. He has previously held senior finance and executive roles at the Reserve Bank of New Zealand, Landcorp Farming Ltd and Callaghan Innovation and has been a Technical Advisor to the International Monetary Fund.

Denise Hodgkins

Denise is a partner with Deloitte and heads up Deloitte’s National Technical team, advising partners, staff and clients on a range of complex audit, accounting and financial reporting issues. Denise was formerly the deputy chairman of the Financial Reporting Standards Board of the Institute of Chartered Accountants of New Zealand and a former member of the Professional Practices Board of the Institute, the board responsible for the auditing and other professional engagement standards and the Institute’s code of ethics.

Keith Kendall

Prior to his appointment to the NZASB Keith was a Partner at Rigby Cooke Lawyers, a Victorian barrister, and a Senior Lecturer at La Trobe University. Keith's experience across law, academia, accounting, and government (as a member of the Administrative Appeals Tribunal), allows him to bring a well-rounded perspective to projects.

Richard Smyth

Richard is the Chief Financial Officer and Company Secretary for Steel & Tube Holdings Limited  and is responsible for finance, taxation and treasury functions as wellas oversight of the legal team. Richard was a member of the Financial Reporting Standards Board of the then New Zealand Institute of Chartered Accountants between 2006 and 2009 and a member of the External Reporting Advisory Panel (XRAP) until appointed to the NZASB in September 2017.

Jason Stinchcombe

Jason is an audit and technical partner at RSM.   His professional role involves the provision of audit and financial reporting advisory services to small and medium sized entities (SMEs), the not-for-profit and public sector clients across a diverse range of industries. Jason is a licensed auditor, and a member of Chartered Accountants Australia New Zealand.

Warwick White

Warwick White is a Principal Advisor and Deputy Head of the Government Finance Profession at The New Zealand Treasury. This role supports lifting strategic financial management capability across government agencies. Warwick has worked in public finance and reporting in various guises for over 25 years, including the New Zealand Government’s adoption of NZ IFRS, UNICEF’s adoption of IPSAS, and changes to the Public Finance, State Sector and Crown Entities Acts in 2013.  Warwick is a member of Chartered Accountants Australia New Zealand.

Action Plan 2021-26

The Plan sets out the broad specific activities of the NZASB for the 2021–2026 period.

It is on a rolling five-yearly basis and we update it annually to ensure it remains a dynamic document that reflects the achievements to date and it considers new actions in response to changes in the domestic and international environment.

NZASB's actions are aligned with the XRB’s Strategic Plan for the 2021–2026 period.

Below is a summary of our Action Plan's objectives. 

Develop and issue accounting standards to support the existing financial reporting strategy, including the multi-standards, multi-tier accounting standards framework.

Influence the work of the international standard-setting boards, especially for projects of importance to New Zealand. 

Ensuring standards are developed in a collaborative manner.

Undertaking research into the financial and non-financial information needs of users of general purpose financial reports (GPFR).


The Technical Reference Group (TRG) was established in 2014 to provide a forum for the New Zealand Accounting Standards Board (NZASB) to consult on technical accounting issues. 

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Summary Work Plan

This is a summary of the significant standard-setting projects that the NZASB is expected to consider over its next four meetings. It includes milestones for each current domestic and international standard-setting project.

These projects are significantly influenced by the work programmes of the IASB and the IPSASB.  

Board Vacancies

There are currently no vacancies on the NZASB Board.