Notice Type
General Notices
Notice No. (10) of Approval of Financial Reporting Standard and Direction as to Authoritative Support Notice is hereby given, pursuant to section 29 of the Financial Reporting Act 1993, that the Accounting Standards Review Board (``the board'') has approved for the purposes of the Public Finance Act 1989, Financial Reporting Standard No. 29 ``Prospective Financial Information'' (``FRS 29'') submitted to it by the New Zealand Society of Accountants. FRS 29 is to apply to the Crown, departments, offices of Parliament and Crown entities (each of which terms is defined in the Public Finance Act 1989) for application to general purpose prospective financial information published on or after 1 September 1996. The board also gives a direction, pursuant to section 24 (d) of the Financial Reporting Act 1993, that FRS 29 has authoritative support within the accounting profession in New Zealand. This direction replaces the direction given by the board in relation to FRS 29 on 2 June 1994 in the board's release No. 1. A copy of FRS 29 may be purchased from the offices of the New Zealand Society of Accountants, 40 Mercer Street (P.O. Box 11-342), Wellington and 2733 Ohinerau Street, Remuera (P.O. Box 3334), Auckland. Dated this 26th day of April 1996. JOHN C. HAGEN, Chairman, Accounting Standards Review Board.
Publication Date
26 Apr 1996

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