Notice is given, pursuant to the Legislation Act 2019, that the New Zealand Auditing and Assurance Standards Board (acting under delegated authority of the External Reporting Board) has issued the following assurance standards:

• International Standard on Review Engagements (New Zealand) 2400, Review of Historical Financial Statements Performed by an Assurance Practitioner who is Not the Auditor of the Entity
• New Zealand Standard on Review Engagements 2410, Review of Financial Statements Performed by the Independent Auditor of the Entity
• Professional and Ethical Standard 3, Quality Management for Firms that Perform Audits or Reviews of Financial Statements, or Other Assurance or Related Services Engagements
• Professional and Ethical Standard 4, Engagement Quality Reviews
• International Standard on Assurance Engagements (New Zealand) 3000, Assurance Engagements Other than Audits or Reviews of Historical Financial Information
• Standard on Assurance Engagements 3100, Compliance Engagements
• Standard on Assurance Engagements 3150, Assurance Engagements on Controls
• International Standard on Assurance Engagements (New Zealand) 3402, Assurance Reports on Controls at a Service Organisation
• International Standard on Assurance Engagements (New Zealand) 3420, Assurance Engagements to Report on the Compilation of Pro Forma Financial Information in a Prospectus
• Standard on Assurance Engagements 3450, Assurance Over Financial Information Prepared in Connection with a Capital Raising
• International Standard on Related Services (New Zealand) 4400, Agreed-upon Procedures Engagements
• New Zealand Auditing Standard 1, Audit of Service Performance Information

These standards:

• were issued on 9 April 2026 under section 12(b) of the Financial Reporting Act 2013.
• take effect on the 28th day after the date of this notice.
• are secondary legislation for the purposes of the Legislation Act 2019.

Commencement and application

The accounting periods in relation to which these standards commence to apply are:

1. for an early adopter, those accounting periods, following and including, the early adoption accounting period.
2. for any other auditor, practitioner or firm, those accounting periods following, and including, the first accounting period that begins on or after the mandatory date.

early adopter means an auditor, practitioner or firm, that applies this standard for an early adoption accounting period.

early adoption accounting period means the accounting period:

1. that begins before the mandatory date but has not ended or does not end before this standard takes effect (and to avoid doubt, that period may have begun before this standard takes effect); and
2. for which the early adopter:
1. first applies this standard for any audit, review or assurance engagement; and
2. discloses in the auditor’s or practitioner’s report for that accounting period that this standard has been applied for that period.

mandatory date means 15 December 2026.

These standards are available on the website of the External Reporting Board at www.xrb.govt.nz.

Copies may also be inspected free of charge at the offices of the XRB, Level 6, 154 Featherston Street, Wellington.

These standards are administered by the External Reporting Board.

Dated this 9th day of April 2026.

GRAEME PINFOLD, Chair, New Zealand Auditing and Assurance Standards Board.