Notice is hereby given, pursuant to section 29 of the Financial Reporting Act 1993 ("the Act"), that the Accounting Standards Review Board has approved, the Amendment to the Framework for Differential Reporting for Entities Applying the New Zealand Equivalents to International Financial Reporting Standards Reporting Regime, which has been submitted to it by the New Zealand Institute of Chartered Accountants.
The Amendment to the Framework for Differential Reporting for Entities Applying the New Zealand Equivalents to International Financial Reporting Standards Reporting Regime is:
- to apply to all reporting entities and groups, the
Crown and all departments, offices of Parliament
and Crown entities, and all local authorities (each of which is defined in the Act) other than where expressly exempted by its terms, the terms of any other approved financial reporting standard or by law;
- to apply from the date of 17 January 2007; and
- a Regulation for the purposes of the Regulations (Disallowance) Act 1989.
Copies of the Amendment to the Framework for Differential Reporting for Entities Applying the New Zealand Equivalents to International Financial Reporting Standards Reporting Regime may be inspected free of charge at,
and will be made available for purchase from, the offices
of the New Zealand Institute of Chartered Accountants,
40 Mercer Street (PO Box 11342), Wellington and 27-33 Ohinerau Street (PO Box 3334), Auckland.
Dated this 17th day of January 2007.
WARWICK HUNT, Chairman, Accounting Standards Review Board.