Description of the auditor's responsibilities

KAMS are reported

Audit Report 2

Mandatory for audits of:

• Listed issuers; and 
• FMC reporting entities considered to have a higher level of public accountability,

Where the auditor reports Key Audit Matters (KAMs).

Or for this same type of entity (FMC reporting entities considered to have a higher level of public accountability) where the auditor voluntarily reports Key Audit Matters (KAMs) prior to December 2018.

KAMS are reported

Audit Report 4 

For entities that are not FMC reporting entities considered to have a higher level of public accountability.

KAMs are voluntarily reported.

KAMS are not reported

Audit Report 6  

For audits of FMC reporting entities considered to have a higher level of public accountability where the reporting of KAMs is deferred until required in 2018.

KAMS are not reported

Audit Report 8 

For audits of all other entities that are not FMC reporting entities considered to have a higher level of public accountability.

Where the auditor does not report KAMs.

Applicable standard

NZ AS 1

NZ AS 1 (Revised)

KAMS are reported

Audit Report 10

For audits of FMC reporting entities considered to have a higher level of public accountability.

Where the General Purpose Financial Report (GPFR) includes service performance information.

Where the auditor reports Key Audit Matters (KAMs).

Where NZ AS 1 applies.

Audit Report 10-1

For audits of FMC reporting entities considered to have a higher level of public accountability.

Where the General Purpose Financial Report (GPFR) includes service performance information.

Where the auditor reports Key Audit Matters (KAMs).

Where NZ AS 1 (Revised) applies.

KAMS are reported

Audit Report 12

For audits of entities that are not FMC reporting entities considered to have a higher level of public accountability.

Where GPFR includes service performance information.

Where the auditor voluntarily reports KAMs.

Where NZ AS 1 applies.

Audit Report 12-1

For audits of entities that are not FMC reporting entities considered to have a higher level of public accountability.

Where the GPFR includes service performance information.

Where the auditor voluntarily reports KAMs.

Where NZ AS 1 (Revised) applies.

KAMS are not reported

Audit Report 14

For audits of entities that are not FMC reporting entities considered to have a higher level of public accountability.

Where GPFR includes service performance information.

Where the auditor does not report KAMs.

Where NZ AS 1 applies.

Audit Report 14-1

For audits of entities that are not FMC reporting entities considered to have a higher level of public accountability.

Where the GPFR includes service performance information.

Where the auditor does not report KAMs. 

Where NZ AS 1 (Revised) applies.

Applicable standard

NZ AS 1

NZ AS 1 (Revised)

KAMS are reported

Audit Report 16

For audits of entities that are not FMC reporting entities considered to have a higher level of public accountability.

Where the General Purpose Financial Report (GPFR) includes service performance information and entity information.

Where the auditor voluntarily reports Key Audit Matters (KAMs).

Where NZ AS 1 applies.

Audit Report 16-1

For audits of entities that are not FMC reporting entities considered to have a higher level of public accountability.

Where the General Purpose Financial Report (GPFR) includes service performance information and entity information.

Where the auditor voluntarily reports Key Audit Matters (KAMs).

Where NZ AS 1 (Revised) applies.

KAMS are not reported

Audit Report 18

For audits of entities that are not FMC reporting entities considered to have a higher level of public accountability.

Where the GPFR includes service performance information and entity information.

Where the auditor does not report KAMs.

Where NZ AS 1 applies.

Audit Report 18-1

For audits of entities that are not FMC reporting entities considered to have a higher level of public accountability.

Where the GPFR includes service performance information and entity information.

Where the auditor does not report KAMs.

Where NZ AS 1 (Revised) applies.

Applicable standard

ISA (NZ) 600

ISA (NZ) 600 (Revised) 

KAMS are reported

Audit Report 1

Mandatory for audits of:

• Listed issuers; and 
• from December 2018, FMC reporting entities considered to have a higher level of public accountability, or for this same type of entity where the auditor voluntarily reports Key Audit Matters (KAMs) prior to December 2018.

Where ISA (NZ) 600 applies.

Audit Report 1-1

Mandatory for audits of FMC reporting entities considered to have a higher level of public accountability.

Where the auditor reports Key Audit Matters (KAMs).

Where ISA (NZ) 600 (Revised) applies.

KAMS are reported

Audit Report 3 

For entities that are not FMC reporting entities considered to have a higher level of public accountability.

Where the auditor voluntarily reports KAMs.

Where ISA (NZ) 600 applies.

Audit Report 3-1

For entities that are not FMC reporting entities considered to have a higher level of public accountability.

Where the auditor voluntarily reports KAMs.

Where ISA (NZ) 600 (Revised) applies.

KAMS are not reported

Audit Report 5

For audits of FMC reporting entities considered to have a higher level of public accountability where the reporting of KAMs is deferred until required in 2018.

Where ISA (NZ) 600 applies.

KAMS are not reported

Audit Report 7 

For audits of all other entities that are not FMC reporting entities considered to have a higher level of public accountability.

Where the auditor does not report KAMs.

Where ISA (NZ) 600 applies.

Audit Report 7-1

For audits of all other entities that are not FMC reporting entities considered to have a higher level of public accountability.

Where the auditor does not report KAMs.

Where ISA (NZ) 600 (Revised) applies.

Applicable standard

ISA (NZ) 600 and NZ AS 1

ISA (NZ) 600 (Revised) and NZ AS 1 (Revised)

KAMS are reported

Audit Report 9

For audits of FMC reporting entities considered to have a higher level of public accountability.

Where the General Purpose Financial Report (GPFR) includes service performance information.

Where the auditor reports Key Audit Matters (KAMs).

Where ISA (NZ) 600 and NZ AS 1 applies.

Audit Report 9-1

For audits of FMC reporting entities considered to have a higher level of public accountability.

Where the GPFR includes service performance information.

Where the auditor reports KAMs.

Where ISA (NZ) 600 (Revised) and NZ AS 1 (Revised) applies.

KAMS are reported

Audit Report 11

For audits of entities that are not FMC reporting entities considered to have a higher level of public accountability.

Where GPFR includes service performance information.

Where the auditor voluntarily reports KAMs.

Where ISA (NZ) 600 and NZ AS 1 applies.

Audit Report 11-1

For audits of entities that are not FMC reporting entities considered to have a higher level of public accountability.

Where the GPFR includes service performance information.

Where the auditor voluntarily reports KAMs.

Where ISA (NZ) 600 (Revised) and NZ AS 1 (Revised) applies.

KAMS are not reported

Audit Report 13

For audits of entities that are not FMC reporting entities considered to have a higher level of public accountability.

Where GPFR includes service performance information.

For audits of entities where the auditor does not report KAMs. 

Where ISA (NZ) 600 and NZ AS 1 applies.

Audit Report 13-1

For audits of entities that are not FMC reporting entities considered to have a higher level of public accountability.

Where the GPFR includes service performance information.

For audits of entities where the auditor does not report KAMs. 

Where ISA (NZ) 600 (Revised) and NZ AS 1 (Revised) applies.

Applicable standard

ISA (NZ) 600 and NZ AS 1

ISA (NZ) 600 (Revised) and NZ AS 1 (Revised)

KAMS are reported

Audit Report 15

For audits of entities that are not FMC reporting entities considered to have a higher level of public accountability.

Where the General Purpose Financial Report (GPFR) includes service performance information and entity information.

Where the auditor voluntarily reports Key Audit Matters (KAMs).

Where ISA (NZ) 600 and NZ AS 1 applies.

Audit Report 15-1

For audits of entities that are not FMC reporting entities considered to have a higher level of public accountability.

Where the GPFR includes service performance information and entity information.

Where the auditor voluntarily reports KAMs.

Where ISA (NZ) 600 (Revised) and NZ AS 1 (Revised) applies.

KAMS are not reported

Audit Report 17

For audits of entities that are not FMC reporting entities considered to have a higher level of public accountability.

Where the GPFR includes service performance information and entity information. 

Where the auditor does not report KAMs.

Where ISA (NZ) 600 and NZ AS 1 applies.

Audit Report 17-1

For audits of entities that are not FMC reporting entities considered to have a higher level of public accountability.

Where the GPFR includes service performance information and entity information.

Where the auditor does not report KAMs.

Where ISA (NZ) 600 (Revised) and NZ AS 1 (Revised) applies.

KAMS are not reported

Audit Report C1

For audits of entities that are not FMC reporting entities considered to have a higher level of public accountability, who prepare financial reports in accordance with a General Purpose Compliance Framework 

Where the auditor does not report Key Audit Matters (KAMs).

Periods beginning on or after 1 January 2024 

KAMS are not reported

Audit Report C2

For audits of entities that are not FMC reporting entities considered to have a higher level of public accountability, who prepare financial reports in accordance with a General Purpose Compliance Framework, that include service performance information and entity information.

Where the auditor does not report KAMs.

Where NZ AS 1 (Revised) applies.