Recently issued auditing and assurance standards

Below are links to the new auditing and assurance standards, amendments, and revocations.

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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
April 2026 Amendments to Auditing Standards 2026 Periods beginning on or after 15 December 2026
April 2026 New Zealand Auditing Standard 1, The Audit of Service Performance Information Periods beginning on or after 15 December 2026
February 2026 ISA (NZ) 810, Engagements to Report on Summary Financial Statements  Periods beginning on or after 15 December 2026
February 2026 ISA (NZ) 805, Special Considerations – Audits of Single Financial Statements and Specific Elements, Accounts or Items of a Financial Statement Periods beginning on or after 15 December 2026
February 2026 ISA (NZ) 800, Special Considerations— Audits of Financial Statements Prepared in Accordance with Special Purpose Frameworks  Periods beginning on or after 15 December 2026
February 2026 ISA (NZ) 720, The Auditor’s Responsibilities Relating to Other Information Periods beginning on or after 15 December 2026
February 2026 ISA (NZ) 710, Comparative Information – Corresponding Figures and Comparative Financial Statements  Periods beginning on or after 15 December 2026
February 2026 ISA (NZ) 706, Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent Auditor’s Report  Periods beginning on or after 15 December 2026
February 2026 ISA (NZ) 705, Modifications to the Opinion in the Independent Auditor’s Report  Periods beginning on or after 15 December 2026
February 2026 ISA (NZ) 701, Communicating Key Audit Matters in the Independent Auditor’s Report   Periods beginning on or after 15 December 2026
February 2026 ISA (NZ) 700, Forming an Opinion and Reporting on Financial Statements  Periods beginning on or after 15 December 2026
February 2026 ISA (NZ) 620, Using the Work of an Auditor’s Expert  Periods beginning on or after 15 December 2026
February 2026 ISA (NZ) 610, Using the Work of Internal Auditors   Periods beginning on or after 15 December 2026
February 2026 ISA (NZ) 600, Special Considerations — Audits of Group Financial Statements (Including the Work of Component Auditors)   Periods beginning on or after 15 December 2026
February 2026 ISA (NZ) 580, Written Representations Periods beginning on or after 15 December 2026
February 2026 ISA (NZ) 560, Subsequent Events Periods beginning on or after 15 December 2026
February 2026 ISA (NZ) 550, Related Parties Periods beginning on or after 15 December 2026
February 2026 ISA (NZ) 540, Auditing Accounting Estimates and Related Disclosures  Periods beginning on or after 15 December 2026
February 2026 ISA (NZ) 520, Analytical Procedures Periods beginning on or after 15 December 2026
February 2026 ISA (NZ) 530, Audit Sampling  Periods beginning on or after 15 December 2026
February 2026 ISA (NZ) 510, Initial Audit Engagements – Opening Balances  Periods beginning on or after 15 December 2026
February 2026 ISA (NZ) 501, Audit Evidence – Specific Considerations for Selected Items  Periods beginning on or after 15 December 2026
February 2026 ISA (NZ) 505, External Confirmations Periods beginning on or after 15 December 2026
February 2026 ISA (NZ) 500, Audit Evidence  Periods beginning on or after 15 December 2026
February 2026 ISA (NZ) 450, Evaluation of Misstatements Identified during the Audit  Periods beginning on or after 15 December 2026
February 2026 ISA (NZ) 402, Audit Considerations Relating to an Entity Using a Service Organisation  Periods beginning on or after 15 December 2026
February 2026 ISA (NZ) 330, The Auditor’s Responses to Assessed Risks  Periods beginning on or after 15 December 2026
February 2026 ISA (NZ) 320, Materiality in Planning and Performing an Audit  Periods beginning on or after 15 December 2026
February 2026 ISA (NZ) 315, Identifying and Assessing the Risks of Material Misstatement  Periods beginning on or after 15 December 2026
February 2026 ISA (NZ) 300, Planning an Audit of Financial Statements Periods beginning on or after 15 December 2026
February 2026 ISA (NZ) 265, Communicating Deficiencies in Internal Control to Those Charged with Governance and Management  Periods beginning on or after 15 December 2026
February 2026 ISA (NZ) 260, Communication with Those Charged with Governance Periods beginning on or after 15 December 2026
February 2026 ISA (NZ) 250, Consideration of Laws and Regulations in an Audit of Financial Statements Periods beginning on or after 15 December 2026
February 2026 ISA (NZ) 230, Audit Documentation  Periods beginning on or after 15 December 2026
February 2026 ISA (NZ) 220, Quality Management for an Audit of Financial Statements  Periods beginning on or after 15 December 2026
February 2026 ISA (NZ) 210, Agreeing the Terms of Audit Engagements  Periods beginning on or after 15 December 2026
February 2026 ISA (NZ) 200, Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with International Standards on Auditing (New Zealand)  Periods beginning on or after 15 December 2026
Issued Standard/Amending standard Application date
March 2026 ISSA (NZ) 5000, General Requirements for Sustainability Assurance Engagements  Periods beginning on or after 15 December 2026
March 2026 International Ethics Standards for Sustainability Assurance (including International Independence Standards) (New Zealand) within a reissued Professional and Ethical Standard 1  Periods beginning on or after 15 December 2026. Sections 5405 and 5406 commence for accounting periods beginning on or after 1 July 2028.
Issued Standard/Amending standard Application date
April 2026 ISRS (NZ) 4400, Agreed-upon Procedures Engagements Periods beginning on or after 15 December 2026.
Issued Standard/Amending standard Application date
April 2026 External Reporting Board Standard Au1, Application of Auditing and Assurance Standards Periods beginning or after 15 December 2026.
Issued Standard/Amending standard Application date
November 2025 Amendment to Assurance Engagements over Greenhouse Gas Emissions Disclosures 2025 Periods beginning  on or after 1 January 2025
February 2025 NZ SRE 1 Review of Service Performance Information Periods beginning on or after 1 January 2026
Issued Standard/Amending standard Application date
December 2025 ISA (NZ) 570, Going Concern Periods beginning on or after 15 December 2026
December 2025 ISA (NZ) 240, The Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements Periods beginning on or after 15 December 2026
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
November 2024 Amendments to Assurance Engagements over
Greenhouse Gas Emissions Disclosures 2024		 Periods beginning on or after 1 January 2024
August 2023 NZ SAE 1 Assurance Engagements over Greenhouse Gas Emissions Disclosures Periods ending on or after 27 Oct 2024
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
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

ISA (NZ) 600 (Revised)

Amending standard
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
  • For Part 4A: for audits or reviews of financial statements for periods beginning on 15 December 2022.
  • For Part 4B: assurance engagements beginning on or after 15 December 2022.
  • For all other engagements within the scope of Part 3: engagements beginning on or after 15 December 2022.
 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)

 

 

Standards issued but not yet applicable

We have also prepared a table to help you identify new or amending standards that are issued but not yet applicable. This is presented in the order of the latest application date. Application dates are fully set out in the relevant standard or amending standard. 

Application date

 Issued 

Standard/Amending standard 

  
Periods beginning on or after 15 December 2026.  April 2026 External Reporting Board Standard Au1, Application of Auditing and Assurance Standards  
Periods beginning on or after 15 December 2026.  April 2026 ISRS (NZ) 4400, Agreed-upon Procedures Engagements  
Periods beginning on or after 15 December 2026.  April 2026 International Standard on Review Engagements (New Zealand) 2400, Review of Historical Financial Statements Performed by an Assurance Practitioner who is Not the Auditor of the Entity  
Periods beginning on or after 15 December 2026.  April 2026 New Zealand Standard on Review Engagements 2410, Review of Financial Statements Performed by the Independent Auditor of the Entity  
Periods beginning on or after 15 December 2026.  April 2026 International Standard on Assurance Engagements (New Zealand) 3000, Assurance Engagements Other than Audits or Reviews of Historical Financial Information  
Periods beginning on or after 15 December 2026.  April 2026 Standard on Assurance Engagements 3100, Compliance Engagements  
Periods beginning on or after 15 December 2026.  April 2026 Standard on Assurance Engagements 3150, Assurance Engagements on Controls  
Periods beginning on or after 15 December 2026.  April 2026 International Standard on Assurance Engagements (New Zealand) 3402, Assurance Reports on Controls at a Service Organisation  
Periods beginning on or after 15 December 2026.  April 2026 International Standard on Assurance Engagements (New Zealand) 3420, Assurance Engagements to Report on the Compilation of Pro Forma Financial Information Included in a Prospectus  
Periods beginning on or after 15 December 2026.  April 2026 Standard on Assurance Engagements 3450, Assurance Over Financial Information Prepared in Connection with a Capital Raising  
Periods beginning on or after 15 December 2026.  April 2026 New Zealand Auditing Standard 1, The Audit of Service Performance Information  
Periods beginning on or after 15 December 2026.  April 2026 Amendments to Auditing Standards 2026  
Periods beginning on or after 15 December 2026.  April 2026 Professional and Ethical Standard 3, Quality Management for Firms that Perform Audits or Reviews of Financial Statements, or Other Assurance or Related Services  
Periods beginning on or after 15 December 2026.  April 2026 Professional and Ethical Standard 4, Engagement Quality Reviews  
Periods beginning on or after 15 December 2026 March 2026 ISSA (NZ) 5000, General Requirements for Sustainability Assurance Engagements   
Periods beginning on or after 15 December 2026. Sections 5405 and 5406 commence for accounting periods beginning on or after 1 July 2028. March 2026 International Ethics Standards for Sustainability Assurance (including International Independence Standards) (New Zealand) within a reissued Professional and Ethical Standard 1, International Code of Ethics for Assurance Practitioners (including International Independence Standards) (New Zealand)  
Periods beginning on or after 15 December 2026 February 2026 ISA (NZ) 810, Engagements to Report on Summary Financial Statements   
Periods beginning on or after 15 December 2026 February 2026 ISA (NZ) 805, Special Considerations – Audits of Single Financial Statements and Specific Elements, Accounts or Items of a Financial Statement  
Periods beginning on or after 15 December 2026 February 2026 ISA (NZ) 800, Special Considerations— Audits of Financial Statements Prepared in Accordance with Special Purpose Frameworks   
Periods beginning on or after 15 December 2026 February 2026 ISA (NZ) 720, The Auditor’s Responsibilities Relating to Other Information  
Periods beginning on or after 15 December 2026 February 2026 ISA (NZ) 710, Comparative Information – Corresponding Figures and Comparative Financial Statements   
Periods beginning on or after 15 December 2026 February 2026 ISA (NZ) 706, Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent Auditor’s Report   
Periods beginning on or after 15 December 2026 February 2026 ISA (NZ) 705, Modifications to the Opinion in the Independent Auditor’s Report   
Periods beginning on or after 15 December 2026 February 2026 ISA (NZ) 701, Communicating Key Audit Matters in the Independent Auditor’s Report  
Periods beginning on or after 15 December 2026 February 2026 ISA (NZ) 700, Forming an Opinion and Reporting on Financial Statements   
Periods beginning on or after 15 December 2026 February 2026 ISA (NZ) 620, Using the Work of an Auditor’s Expert   
Periods beginning on or after 15 December 2026 February 2026 ISA (NZ) 610, Using the Work of Internal Auditors    
Periods beginning on or after 15 December 2026 February 2026 ISA (NZ) 600, Special Considerations — Audits of Group Financial Statements (Including the Work of Component Auditors)    
Periods beginning on or after 15 December 2026 February 2026 ISA (NZ) 580, Written Representations  
Periods beginning on or after 15 December 2026 February 2026 ISA (NZ) 560, Subsequent Events  
Periods beginning on or after 15 December 2026 February 2026 ISA (NZ) 550, Related Parties  
Periods beginning on or after 15 December 2026 February 2026 ISA (NZ) 540, Auditing Accounting Estimates and Related Disclosures   
Periods beginning on or after 15 December 2026 February 2026 ISA (NZ) 520, Analytical Procedures  
Periods beginning on or after 15 December 2026 February 2026 ISA (NZ) 530, Audit Sampling   
Periods beginning on or after 15 December 2026 February 2026 ISA (NZ) 510, Initial Audit Engagements – Opening Balances   
Periods beginning on or after 15 December 2026 February 2026 ISA (NZ) 501, Audit Evidence – Specific Considerations for Selected Items   
Periods beginning on or after 15 December 2026 February 2026 ISA (NZ) 505, External Confirmations  
Periods beginning on or after 15 December 2026 February 2026 ISA (NZ) 500, Audit Evidence   
Periods beginning on or after 15 December 2026 February 2026 ISA (NZ) 450, Evaluation of Misstatements Identified during the Audit   
Periods beginning on or after 15 December 2026 February 2026 ISA (NZ) 450, Evaluation of Misstatements Identified during the Audit   
Periods beginning on or after 15 December 2026 February 2026 ISA (NZ) 330, The Auditor’s Responses to Assessed Risks   
Periods beginning on or after 15 December 2026 February 2026 ISA (NZ) 320, Materiality in Planning and Performing an Audit   
Periods beginning on or after 15 December 2026 February 2026 ISA (NZ) 315, Identifying and Assessing the Risks of Material Misstatement   
Periods beginning on or after 15 December 2026 February 2026 ISA (NZ) 300, Planning an Audit of Financial Statements  
Periods beginning on or after 15 December 2026 February 2026 ISA (NZ) 265, Communicating Deficiencies in Internal Control to Those Charged with Governance and Management   
Periods beginning on or after 15 December 2026 February 2026 ISA (NZ) 260, Communication with Those Charged with Governance  
Periods beginning on or after 15 December 2026 February 2026 ISA (NZ) 250, Consideration of Laws and Regulations in an Audit of Financial Statements  
Periods beginning on or after 15 December 2026 February 2026 ISA (NZ) 230, Audit Documentation   
Periods beginning on or after 15 December 2026 February 2026 ISA (NZ) 220, Quality Management for an Audit of Financial Statements   
Periods beginning on or after 15 December 2026 February 2026 ISA (NZ) 210, Agreeing the Terms of Audit Engagements   
Periods beginning on or after 15 December 2026 February 2026 ISA (NZ) 200, Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with International Standards on Auditing (New Zealand)   
Periods beginning on or after 15 December 2026 December 2025 ISA (NZ) 570, Going Concern  
Periods beginning on or after 15 December 2026 December 2025 ISA (NZ) 240, The Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements  

 

Standards