NZAuASB Update #6

This NZAuASB Update provides you with an overview of the New Zealand Auditing and Assurance Standards Board’s recent activities, any new standards or FAQs, as well as other matters of interest.

NZAuASB June Meeting

The NZAuASB met on 6 June and discussed a range of topics affecting the professional and ethical standards, auditing standards, and other assurance engagement standards.

Highlights included consideration of:

  • comments received on the proposed standard on Service Performance Information;
  • the independence requirements for other assurance engagements;
  • the need for audit committee guidance; and
  • a draft submission to the IESBA on its work plan and strategy 2019-2023 consultation paper.

You can access the public agenda, meeting papers and the meeting highlights on the XRB website.

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Have your say…

We are currently consulting on the following matters set out in the table below. 

We welcome your comments and feedback, either formal or informal by the due dates specified.

Tell us how these changes could affect your entity or the entities you work with.



Comments Due

IESBA Consultation Paper 

Professional Scepticism – Meeting Public Expectations

9 Jul 2018 

IAASB Strategy

Envisioning the Future – Survey on the IAASB’s Future Strategy

24 Jul 2018

Have you heard…

Help shape the future of EER assurance

The IAASB is holding a series of discussions to help shape the future of assurance over emerging forms of external reporting (EER).

These half day discussions will cover:

  • progress in the development of the first phase of draft guidance;
  • implications of the guidance for assurance engagements; and
  • assurance issues faced in the region.

The events are open to all. The IAASB wants to engage with those who prepare EER reports, assurance practitioners, regulators, standard setters, investors and other users of EER reports.

Save the date!

Auckland    October 30, 2018 ,10:00AM – 1:00PM, venue to be advised.

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This NZAuASB Update is intended to provide subscribers with a summary of the recent activities of the New Zealand Auditing and Assurance Standards Board (NZAuASB). Links to websites are correct at the time of publication. Subscribers should not rely on this newsletter as a definitive publication of updates. The External Reporting Board and its sub-Board the NZAuASB do not guarantee, and accept no legal liability whatsoever arising from or connected to, the accuracy, reliability, currency, timeliness or completeness of this newsletter. The information contained in this newsletter does not constitute advice and should not be relied upon as such.