ISA (NZ) 706

Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent Auditors Report

This Standard deals with with additional communication in the auditor’s report when the auditor considers it necessary to:

  1. Draw users’ attention to a matter or matters presented or disclosed in the financial statements that are of such importance that they are fundamental to users’ understanding of the financial statements; or
  2. Draw users’ attention to any matter or matters other than those presented or disclosed in the financial statements that are relevant to users’ understanding of the audit, the auditor’s responsibilities or the auditor’s report.

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 Also applies to subsequent annual reporting periods until that standard is superseded by a new/amended/revised standard.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) 706 – Periods beginning on or after
    1 Apr 2014

    Date of issue: Jul 2011

    Date compiled: 28 Feb 2014

  • 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) 706 – Periods ending on or after
    15 Dec 2016

    Date of issue: Jul 2011

    Date compiled to: 30 Sep 2015

  • ISA (NZ) 706 – Periods beginning on or after
    1 Apr 2014

    Date of issue: Jul 2011

    Date compiled to: 28 Feb 2014

  • ISA (NZ) 706 – Periods beginning on or after
    1 Jul 2014

    Date of issue: Jul 2011

    Date compiled to: 31 Dec 2013

  • ISA (NZ) 706 – Periods beginning on or after
    1 Sep 2011

    Date of issue: Jul 2011

    Date compiled to: 11 Jul 2011