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 Fee-Related Provisions of the Code.

Amendments to Professional and Ethical Standard 1: Revisions to the Fee-Related Provisions of the Code:

• Commences from 15 December 2022 with early application permitted; and
• is a disallowable instrument 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 3rd day of March 2022.

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