Notice Type
General Section
Notice Title

Notice (No. 26) of Approval of 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, Financial Reporting Standard
(No. 15): Provisions, Contingent Liabilities and Contingent Assets (FRS-15) submitted to it by the Institute of Chartered Accountants of New Zealand.
FRS-15 is to apply to all reporting entities and groups, the Crown and all departments, Offices of Parliament and Crown entities and all local authorities (each of which is defined in the Act) other than where expressly exempted by the terms of the Standard.
It is to apply to accounting periods and interim accounting periods beginning on or after 31 October 2001.
FRS-15 is a Regulation for the purposes of the Regulations (Disallowance) Act 1989.
Copies of FRS-15 may be inspected free of charge at,
or purchased from, the offices of the Institute of
Chartered Accountants of New Zealand, 40 Mercer Street (P.O. Box 11-342), Wellington, and 27-33 Ohinerau Street (P.O. Box 3334), Auckland.
Dated this 10th day of November 2000.
JOHN C. HAGEN, Chairman, Accounting Standards Review Board.