This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

New Zealand minister approves new accounting standards framework

03 Apr 2012

The Minister of Commerce, Hon Craig Foss, has approved the New Zealand Accounting Standards Framework (incorporating the Draft Tier Strategy) submitted by the New Zealand External Reporting Board (XRB).

The Minister's approval of the Accounting Standards Framework is a significant milestone in the establishment of the new financial reporting arrangements in New Zealand.

The XRB has a statutory obligation to now implement the strategy and will proceed to do so. through the issue of various exposure drafts.

Click for XRB press release (link to XRB website)

Related Topics

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.