Notice is hereby given, pursuant to section 31 of the Financial Reporting Act 1993, that the New Zealand Auditing and Assurance Standards Board of the External Reporting Board has issued International Standard on Assurance Engagements (New Zealand) (ISAE (NZ)) 3420: Assurance Engagements to Report on the Compilation of Pro Forma Financial Information Included in a Prospectus.
ISAE (NZ) 3420:
- applies to reasonable assurance engagements undertaken by an assurance provider to report on the responsible party's compilation of pro forma financial information included in a prospectus.
- applies where:
- such reporting is required by securities law or the regulation of the securities exchange ("relevant law
or regulation") in the jurisdiction in which the prospectus is to be issued; or
- this reporting is generally accepted practice in such jurisdiction; and
- is effective for assurance reports dated on or after
31 March 2013; and
- is a Regulation for the purposes of the Regulations (Disallowance) Act 1989.
Copies of the standard may be inspected free of charge at the offices of the External Reporting Board (XRB), Level 7, 50 Manners Street, Wellington.
Copies are also available on the XRB's website
www.xrb.govt.nz
Dated this 27th day of June 2012.
NEIL CHERRY, Chairman, New Zealand Auditing and Assurance Standards Board.