Notice is hereby given, pursuant to section 24 of the Financial Reporting Act 2013, that the New Zealand Auditing and Assurance Standards Board of the External Reporting Board has issued the following:

• International Standard on Auditing (New Zealand) 250 (Revised), Consideration of Laws and Regulations in an Audit of Financial Statements; and
• Conforming Amendments to International Standards on Auditing (New Zealand) and Other Pronouncements.

International Standard on Auditing (New Zealand) 250 (Revised), Consideration of Laws and Regulations in an Audit of Financial Statements and Conforming Amendments to International Standards on Auditing (New Zealand) and Other Pronouncements:

• are effective for audits of financial statements for periods ending on or after 15 December 2017; and
• are disallowable instruments 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

www.xrb.govt.nz

Dated this 24th day of November 2016.

ROBERT BUCHANAN, Chair, New Zealand Auditing and Assurance Standards Board.