New Zealand

Implementation timeline 


Exposure draft

Expected to be effective

Accounting Standards for for-profit entities Issued 27 April 2010; submission due 3 August 2012

November 2012

Accounting standards fro Tier 1 and 2 public sector / public benefit entities Mid-July; submissions due late -December



Annual reporting periods beginning on or after 1 July 2014

Accoutning standards for Tier 3 and 4 public sector benefit entities October / November; submissions due late March 2013
Accounting standards for Tier 3 and 4 not-for-profit public benefit entities Late- September; submissions due late April 2013



Annual reporting periods beginning on or after 1 April 2015

Accounting standards for Tier 1 and 2 not-for-profit public benefit entities Mid-late 2013; submissions due early-mid 2014

Current consultation on a new Financial Reporting Framework

new rf
Details on the forthcoming changes to the financial reporting framework - legislative changes and the revised accounting standards framework.

Accounting Advisory Services

We can help with complex financial reporting regulations, optimise relevant reporting processes and incorporate new requirements.

Contact us

Simon Lee

Simon Lee

Technical Director - Accounting Advisory Services

+64 4 816 4678