ISA (NZ) 320

Materiality in Planning and Performing an Audit

This Standard deals with the auditor’s responsibility to apply the concept of materiality in planning and performing an audit of financial statements.


Effective for audits of financial statements for periods as indicated. Also applies to subsequent annual reporting periods until that standard is superseded by a new/amended/revised standard. 

  • ISA (NZ) 320 – Periods ending on or after
    15 Dec 2013

    Date of issue: Jul 2011

    Date compiled: 30 Apr 2013

  • Amending Standards (from the disclosures project) – Periods ending on or after
    15 Dec 2016

    Date of issue: Oct 2015

  • ISA (NZ) 320 – Periods beginning on or after
    1 Sep 2011

    Date of issue: Jul 2011

    Date compiled to: 1 Jul 2011


    Additional material: Comparison to ISA 320