ISA (NZ) 700

Forming an Opinion and Reporting on Financial Statements

This Standard deals with the auditor’s responsibility to form an opinion on the 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 Also applies to subsequent annual reporting periods until that standard is superseded by a new/amended/revised standard.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) 700 (Revised) – Periods beginning on or after 15 Dec 2019

    Date of issue: Oct 2015

    Date compiled: 8 Nov 2108

  • Conforming and Consequential Amendments arising from ISA (NZ) 540 (Revised) – Periods beginning on or after 15 Dec 2019 (early adoption permitted)

    Date of issue: Nov 2018

  • ISA (NZ) 700 (Revised) – Effective on
    15 Dec 2016

    Date of issue: Oct 2015

    Date compiled: 31 Oct 2016


    Additional material: Explanation for decisions made
  • ISA (NZ) 700 – Periods beginning on or after
    1 Apr 2014

    Date of issue: Jul 2011

    Date compiled: 28 Feb 2014

  • Annual Improvements 2016 – Effective on
    15 Dec 2016

    Date of issue: Nov 2016

  • Amending Standard – Periods ending on or after
    15 Dec 2016

    Date of issue: Sep 2015


    Additional material: Directors responsibilities explanation – 1 Sep 2015
  • ISA (NZ) 700 – Periods ending on or after
    15 Dec 2016

    Date of issue: Jul 2011

    Date compiled to: 30 Sep 2015

  • ISA (NZ) 700 – Periods beginning on or after
    1 Jul 2014

    Date of issue: Jul 2011

    Date compiled to: 31 Dec 2013


    Additional material: Mark up of compiled ISA (NZ) 700
  • ISA (NZ) 700 – Periods ending on or after
    15 Dec 2013

    Date of issue: Jul 2011

    Date compiled to: 30 Apr 2013


    Additional material: Mark up of compiled ISA (NZ) 700
  • ISA (NZ) 700 – Periods beginning on or after
    1 Sep 2011

    Date of issue: Jul 2011

    Date compiled to: 1 Jul 2011


    Additional material: Comparison to ISA 700