This page contains implementation guides, FAQs, and other supplementary material for standards.
Support and Resources
To assist auditors in implementing this revised standard (ISA (NZ) 540 (Revised)), the International Federation of Accountants (IFAC) has released an implementation tool, as well as flowcharts and illustrative examples.
Enhanced auditor reporting requirements came into mandatory effect for audits of financial statements for periods ending on or after 15 December 2016.
These changes impact all auditors’ reports for audits conducted in accordance with the International Standards on Auditing (New Zealand) (ISAs (NZ)).
The NZAuASB has approved the long association provisions in PES 1 (Revised) in line with changes finalised by the International Ethics Standards Board for Accountants (IESBA). These amend the general provisions, but will have the biggest impact for the audit of a public interest entity (PIE).
New and revised Quality Management standards have been developed to strengthen and modernise how assurance practitioners approach quality management.
The new standards became applicable from 15 December 2022.
To assist auditors in the implementation of the revised standard (ISA (NZ) 315 (Revised 2019)), we have complied a variety of materials, including an IAASB factsheet, an implementation tool from CPA Canada, and a FAQ released by the AUASB.
Technology is a constantly evolving area and one that is changing the nature of audit and assurance.
We have compiled resources on technology and automated tools and techniques for assurance practitioners to refer to.