Notice is hereby given, pursuant to section 31 of the Financial Reporting Act 1993, that the New Zealand Accounting Standards Board of the External Reporting Board has issued Amendments to Prospective Financial Statements (Amendments to FRS-42).
Amendments to Prospective Financial Statements (Amendments to FRS-42):
- applies to all Tier 1 and Tier 2 for-profit reporting entities and groups, other than where expressly exempted by its terms, the terms of any other approved accounting standard or by law;
- applies to interim and annual periods beginning on or after 1 January 2014, with early adoption allowed; 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 2nd day of September 2013.
MICHELE EMBLING, Chair, New Zealand Accounting Standards Board.