Accounting Alert — May 2012

Published on: 11 May 2012

This Accounting Alert from Deloitte (New Zealand) provides an update on the proposed changes to New Zealand’s Accounting Standards Framework. While draft legislation has not yet been issued by the Government, the Minister of Commerce has approved the External Reporting Board’s proposals for the accounting standards that will apply to different classes of reporting entities.

The alert also reports on a number of recent developments in financial reporting.

In this issue:

  • Minister of Commerce approves the External Reporting Board’s proposals for the New Zealand Accounting Standards Framework
  • XRB issues the first Exposure Drafts to operationalise the New Accounting Standards Framework
  • ED Annual Improvements to IFRSs 2010 – 2012 cycle
  • Other topics of interest


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