Notice Type
General Notices
Notice (No. 9) of Approval of Amendment to Financial Reporting Standard Notice is hereby given, pursuant to section 29 of the Financial Reporting Act 1993 (``the Act'') that the Accounting Standards Review Board has approved, for the purposes of the Act, an amendment to Financial Reporting Standard No. 2 ``Presentation of Financial Reports'', submitted to it by the New Zealand Society of Accountants. The effect of the amendment is that where an entity presents a statement of service performance as part of its financial report, the present requirement in paragraph 5.15 of FRS 2 to state comparative figures for all items in the report will cease to apply to items in the statement of service performance in respect of accounting periods and interim accounting periods that end on or after 31 December 1995. A copy of the amendment and consequential amendments to the relevant commentary may be purchased from the offices of the New Zealand Society of Accountants, 57 Willis Street (P.O. Box 11-342), Wellington and 2733 Ohinerau Street, Remuera (P.O. Box 3334), Auckland. Dated this 21st day of December 1995. JOHN C. HAGEN, Chairman, Accounting Standards Review Board.
Publication Date
11 Jan 1996

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