On this page, we provide a full list of recently issued auditing and assurance standards or amending standards.
History of Approvals: Auditing and assurance standards
Recently Issued Standards
Sorted by publication date. Application dates are fully set out in the relevant standard or amending standard.
| Issued | Standard/Amending standard | Application date |
|---|---|---|
| February 2025 | NZ SRE 1 Review of Service Performance Information | Periods beginning on or after 1 January 2026 |
| November 2025 | Amendment to Assurance Engagements over Greenhouse Gas Emissions Disclosures 2025 | Periods beginning on or after 1 January 2025 |
| Issued | Standard/Amending standard | Application date |
|---|---|---|
| June 2025 | ISA (NZ) for LCE International Standard on Auditing (New Zealand) for Audits of Financial Statements of Less Complex Entities | Periods beginning on or after 15 December 2025 |
| Issued | Standard/Amending standard | Application date |
|---|---|---|
| July 2023 | NZ AS 1 (Revised) The Audit of Service Performance Information | Periods beginning on or after 1 January 2024 |
| Issued | Standard/Amending standard | Application date |
|---|---|---|
| May 2023 | Amendments to Auditing and Review Engagement Standards as a Result of the Revisions to Financial Reporting Standards | Periods beginning on or after 1 January 2023 |
| August 2023 | NZ SAE 1 Assurance Engagements over Greenhouse Gas Emissions Disclosures | Periods ending on or after 27 Oct 2024 |
| November 2024 | Amendments to Assurance Engagements over Greenhouse Gas Emissions Disclosures 2024 |
Periods beginning on or after 1 January 2024 |
| Issued | Standard/Amending standard | Application date |
|---|---|---|
| June 2023 | Amendments to PES 1 - Revisions to the definition of Engagement Team and Group Audits | Periods beginning on or after 15 December 2023 |
| June 2023 | Amendments to PES 1 - Technology-related Revisions | Periods beginning on or after 15 December 2024 |
| Issued | Standard/Amending standard | Application date |
|---|---|---|
| Nov 2023 | Narrow scope amendments to ISAs (NZ) due to Public Interest Entity Revisions | Periods beginning on or after 15 December 2024 |
| Issued | Standard/Amending standard | Application date |
Access the document |
|---|---|---|---|
| Jun 2022 | 2022 Amendment to NZ AS 1 The Audit of Service Performance Information | Defers NZAS1 to periods beginning on or after 1 Jan 2023 | Amending standard |
| Jun 2022 | ISA (NZ) 600 (Revised) Special Considerations—Audits of Group Financial Statements (Including the Work of Component Auditors) and Related Conforming and Consequential Amendments | Periods beginning on or after 15 Dec 2023 | |
| Jul 2021 | ISA (NZ) 220 (Revised) Quality Management for an Audit of Financial Statements | Periods ending on or after 15 Dec 2022 | ISA (NZ) 220 (Revised) |
| Jul 2021 | Conforming Amendments to ISAs (NZ) and Other Pronouncements | 15 Dec 2022 | Conforming Amendments arising from Quality Management Project |
| Dec 2021 | 2021 Amendment to NZ AS 1 The Audit of Service Performance Information | Defers NZAS1 to periods beginning on or after 1 Jan 2022 | 2021 Amendment to NZ AS 1 |
| Jun 2020 | Review of Financial Statements Performed by the Independent Auditor of the Entity | Dec 2020 | NZ SRE 2410 (Revised) |
| Jun 2020 | Conforming Amendments to Auditing and Assurance Standards as a result of Professional and Ethical Standard 1 (PES 1) | Jul 2020 | Conforming Amendments |
| Apr 2020 | Identifying and Assessing the Risks of Material Misstatement and related Conforming and Consequential Amendments | Dec 2021 | ISA (NZ) 315 (Revised 2019) |
| Feb 2020 | Amendments to ISA (NZ) 560 Subsequent Events | Jun 2021 | ISA (NZ) 560 |
| Feb 2019 | NZ AS 1 The Audit of Service Performance Information | Jan 2021 | NZ AS 1 |
| Nov 2018 | ISA (NZ) 540 (Revised) | Dec 2019 | ISA (NZ) 540 (Revised) |
| Nov 2016 | Annual Improvements (includes changes to ISAs (NZ), NZ SRE and PESs | Dec 2016 | Annual Improvements |
| Nov 2016 | ISA (NZ) 250 (Revised) Consideration of Laws and Regulations in an Audit of Financial Statements | Dec 2017 | ISA (NZ) 250 (Revised) |
| Sep 2016 | ISA (NZ) 810 (Revised) Engagements to Report on Summary Financial Statements | Dec 2016 | ISA (NZ) 810 (Revised) |
| Sep 2016 | ISA (NZ) 805 (Revised) Special Considerations – Audits of Single Financial Statements and Specific Elements, Accounts or Items of a Financial Statement | Dec 2016 | ISA (NZ) 805 (Revised) |
| Sep 2016 | ISA (NZ) 800 (Revised) Special Considerations – Audits of Financial Statements Prepared in Accordance with Special Purpose Frameworks | Dec 2016 | ISA (NZ) 800 (Revised) |
| Issued | Standard/Amending standard | Application date | Access the document |
|---|---|---|---|
| May 2022 | Conforming and Consequential Amendments to Other Standards as a Result of the New and Revised Quality Management Standards | (a) Reviews of financial statements for periods beginning on or after 15 Dec 2022; and (b) Other assurance and related services engagements beginning on or after 15 Dec 2022 |
Amending standard |
| May 2022 | Annual Improvements and Conforming and Consequential Amendments to Domestic Assurance Standards | (a) Assurance engagements beginning on or after 15 Dec 2022; and (b) Reviews of financial statements for periods beginning on or after 15 Dec 2022. |
Amending standard |
| Dec 2022 | SAE 3450 Assurance Over Financial Information Prepared in Connection with a Capital Raising | Assurance engagements beginning on or after 15 Dec 2023 | SAE 3450 |
| Mar 2017 | SAE 3100 (Revised) Assurance Engagements on Compliance | Jan 2018 | SAE 3100 (Revised) |
| Issued | Standard/Amending standard | Application date |
Access the document |
|---|---|---|---|
| Feb 2021 | ISRS (NZ) 4400: Agreed-upon Procedures Engagements | Terms of engagement agreed on or after 1 Jan 2022 | ISRS (NZ) 4400 |
| Issued | Standard/Amending standard | Application date |
Access the document |
|---|---|---|---|
| Nov 2022 | PES 1 - Revisions to the Definition of Public Interest Entity | Periods beginning on or after 15 Dec 2024 | Amending standard |
| Aug 2022 | PES 1 - Quality Management-related Conforming and other contextual amendments | 15 Dec 2022 | Amending standard |
| Jun 2022 | PES 1 - Revisions to the Non-Assurance Services Provisions of the Code | 15 Dec 2022 | Amending standard |
| Mar 2022 | PES 1 - NZ Fees Amendment | 15 Dec 2022 | Amending standard |
| Jul 2021 | PES 1: Objectivity Amendments |
|
PES 1: Objectivity Amendments |
| Jul 2021 | PES 4: Engagement Quality Reviews | 15 Dec 2022 | PES 4 |
| Jul 2021 | PES 3: Quality Management for Firms that perform Audits or reviews of financial statements, or other assurance or related services engagements | 15 Dec 2022 | PES 3 |
| Apr 2021 | Annual Improvements 2020 | 15 Jun 2021 | Amending standard |
| Mar 2021 | PES 1: Role and Mindset Changes | 31 Dec 2021 | PES 1 |
| Oct 2020 | PES 1: Part 2 | Dec 2020 | PES 1 |
| Feb 2020 | Amending Standard Part 4B | Jun 2021 | PES 1 |
| Dec 2018 | PES 1 Code of Ethics for Assurance Practitioners | Jun 2019 | PES 1 |
| Feb 2018 | Long Association and Public Interest Entity Amendments to PES 1 (Revised) | Dec 2018 | PES 1 (Revised) |
| Aug 2016 | Amendments to PES 1 (Revised) Non-compliance with Laws and Regulations | Jul 2017 | PES 1 (Revised) |