Do you know of and interact with the External Reporting Board (XRB)?
XRB is an independent Crown Entity responsible for setting accounting and auditing and assurance standards in New Zealand. Its standards give New Zealanders trust and confidence in the financial reporting of corporate business, government agencies and charities.
XRB is looking to understand and serve its stakeholders better and wants to hear from you.
XRB wants to build a picture of its performance as perceived by its stakeholders to ensure clear, accessible and regular communications support in its relationship with its wide range of stakeholders.
Please take a few minutes to complete this brief survey.
In this section:
- Key organisations and websites
- Financial reporting
- Financial markets
- Integrated reporting
- Intangible assets
For an overview of the director’s role see A Director’s Guide (2013), by the IoD and FMA.
The Four Pillars of Governance Best Practice provides an overview of financial reporting and an introduction to basic accounting principles.
Chartered Accountants Australia and New Zealand has tools and guides directors and audit committees to help understanding and communication on audit quality.
Key acts in New Zealand’s reporting framework are:
The Companies Act requires companies to prepare financial statements that comply with the Financial Reporting Act. There is a new legislative financial reporting framework with the introduction of the Financial Reporting Act 2013, which makes changes to the types of entities that will have external financial reporting obligations.