The auditor’s report has changed, and this is effective for audits of financial statements ending on or after 15 December 2016. Early adoption is permitted.
Here you will find:
- resources to help you understand and apply the new and revised standards
- description of the auditor's responsibilities forming part of the auditor's report.
These standards have changed.
> ISA (NZ) 700 (Revised)
> ISA (NZ) 701 (New)
> ISA (NZ) 570 (Revised)
> ISA (NZ) 705 (Revised)
> ISA (NZ) 706 (Revised)
> ISA (NZ) 260 (Revised)
> Conforming amendments to several other ISAs (NZ)
> ISA (NZ) 720 (Revised)
These documents as well as the Frequently Asked Questions will help you understand and apply the changes.