Notice is hereby given, pursuant to the Legislation Act 2019, that the New Zealand Auditing and Assurance Standards Board of the External Reporting Board has issued Amendments to Professional and Ethical Standard 1: Revisions to the Definition of Public Interest Entity.

Amendments to Professional and Ethical Standard 1: Revisions to the Definition of Public Interest Entity:

• Commences from 15 December 2024. Earlier application is permitted on a voluntary basis; and
• Is secondary legislation for the purposes of the Legislation Act 2019.

Copies of the standard 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 10th day of November 2022.

MARJE RUSS, Chair, New Zealand Auditing and Assurance Standards Board.