Notice Type
General Section
Notice Title

Issued Revised International Standards on Auditing (New Zealand) (Notice No. 116)

Notice is hereby given, pursuant to section 24 of the Financial Reporting Act 2013, that the New Zealand Auditing and Assurance Standards Board of the External Reporting Board has issued the following revised International Standards on Auditing (New Zealand) (ISAs (NZ)):

  • ISA (NZ) 800 (Revised) Special Considerations – Audits of Financial Statements Prepared in Accordance with Special Purpose Frameworks;
  • ISA (NZ) 805 (Revised) Special Considerations – Audits of Single Financial Statements and Specific Elements, Accounts or Items of a Financial Statement; and
  • ISA (NZ) 810 (Revised) Engagements to Report on Summary Financial Statements.

The revised standards are:

  • effective for audits of financial statements for periods ending on or after 15 December 2016. In the case of audits of a single financial statement or of specific elements, accounts or items of a financial statement prepared as at a specific date, ISA (NZ) 805 (Revised) is effective for audits of such information prepared as at a date on or after 15 December 2016; and
  • are disallowable instruments for the purposes of the Legislation Act 2012.

Copies of the standards may be inspected free of charge at the offices of the External Reporting Board (XRB), Level 7, 50 Manners Street, Wellington.

Copies are also available on the XRB’s website

www.xrb.govt.nz

Dated this 22nd day of September 2016.

ROBERT BUCHANAN, Chair, New Zealand Auditing and Assurance Standards Board.