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International For-profit Standards

The process set out below shows how the NZASB develops and issues For-profit Accounting Standards based on IASB pronouncements and is aligned with the IASB’s international process for issuing IFRS Standards (and other pronouncements).

You can read this in conjunction with the commentary on Process 1 in the following document 

pdf EG A2

The steps in the diagram below refer to the steps in the commentary in EG A2.

 Flowchart showing the accounting standard setting process