Notice is hereby given, pursuant to section 31 of the Financial Reporting Act 1993, that the New Zealand Auditing and Assurance Standards Board of the External Reporting Board has reissued the following auditing standards, amended for the use of "management" and "those charged with governance":
ISA (NZ) 200 Overall Objective of the Independent Auditor and the Conduct of an Audit in Accordance with International Standards on Auditing (New Zealand)
ISA (NZ) 210 Agreeing the Terms of Audit Engagements
ISA (NZ) 230 Audit Documentation
ISA (NZ) 240 The Auditor's Responsibilities Relating to Fraud in an Audit of Financial Statements
ISA (NZ) 250 Consideration of Laws and Regulations in an Audit of Financial Statements
ISA (NZ) 260 Communication with Those Charged with Governance
ISA (NZ) 300 Planning an Audit of Financial Statements
ISA (NZ) 315
(Revised) Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and its Environment
ISA (NZ) 330 The Auditor's Responses to Assessed Risks
ISA (NZ) 402 Audit Considerations Relating to an Entity Using a Service Organisation
ISA (NZ) 450 Evaluation of Misstatements Identified During the Audit
ISA (NZ) 500 Audit Evidence
ISA (NZ) 501 Audit Evidence - Specific Considerations for Selected Items
ISA (NZ) 505 External Confirmations
ISA (NZ) 510 Initial Audit Engagements - Opening Balances
ISA (NZ) 540 Auditing Accounting Estimates, Including Fair Value Accounting Estimates, and Related Disclosures
ISA (NZ) 550 Related Parties
ISA (NZ) 560 Subsequent Events
ISA (NZ) 570 Going Concern
ISA (NZ) 580 Written Representations
ISA (NZ) 600 Special Considerations - Audits of Group Financial Statements (Including the Work of Component Auditors)
ISA (NZ) 620 Using the Work of an Auditor's Expert
ISA (NZ) 700 Forming an Opinion and Reporting on Financial Statements
ISA (NZ) 705 Modifications to the Opinion in the Independent Auditor's Report
ISA (NZ) 706 Emphasis of Matter Paragraphs and Other Matters Paragraphs in the Independent Auditor's Report
ISA (NZ) 710 Comparative Information - Corresponding Figures and Comparative Financial Statements
ISA (NZ) 720 The Auditor's Responsibility in Relation to Other Information in Documents Containing Audited Financial Statements
ISA (NZ) 800 Special Considerations - Audits of Financial Statements Prepared in Accordance with Special Purpose Frameworks
ISA (NZ) 805 Special Considerations - Audits of Single Financial Statements and Specific Elements, Accounts or Items of a Financial Statement
ISA (NZ) 810 Engagements to Report on Summary Financial Statements
Each amended standard:
- Is effective for audit engagements beginning on or after 1 July 2014, with early adoption permitted.
- Is a disallowable instrument 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 at
www.xrb.govt.nz
Dated this 5th day of December 2013.
NEIL CHERRY, Chairman, New Zealand Auditing and Assurance Standards Board.