(Notice No. 1)
Notice is hereby given, pursuant to section 31 of the Financial Reporting Act 1993 ("the Act"), that the External Reporting Board (XRB) approved External Reporting Standard A1 Application of Accounting Standards (XRB A1).
XRB A1 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 its terms, the terms of any other approved financial reporting standard or by law;
- to apply to annual periods beginning on or after 1 July 2011; and
- a Regulation for the purposes of the Regulations (Disallowance) Act 1989.
Copies of XRB A1 may be inspected free of charge at the offices of the XRB, Level 7, 50 Manners Street, Wellington.
Copies are also available on the XRB’s website
www.xrb.govt.nz
Dated this 1st day of July 2011.
KEVIN SIMPKINS, Chairman, External Reporting Board.