Notice Type
General Section
Notice Title

Corrigendum to Notice (No. 26) of Approval of Financial Reporting Standard No. 15 : Provisions, Contingent Liabilities and Contingent Assets

Notice (No. 26) advising of the approval of FRS-15 by the board under the Financial Reporting Act 1993 was published in the New Zealand Gazette on 16 November 2000.
The notice incorrectly stated that FRS-15 is to apply to accounting periods and interim accounting periods beginning on or after 31 October 2001, whereas the approval of FRS-15 by the board was given on the basis that FRS-15 is to apply to accounting periods and interim accounting periods ending on or after 31 October 2001.
FRS-15 as already published by the Institute of Chartered Accountants of New Zealand correctly states the initial application periods.
Dated this 23rd day of November 2000.
JOHN C. HAGEN, Chairman, Accounting Standards Review Board.