Proposed changes to the New Zealand Statutory Framework
For-profit entities
This issue of IFRS in Brief is an update on the Minister of Commerce and the External Reporting Board’s (XRB) proposals for the New Zealand statutory financial reporting framework for for-profit entities.
Part A of this issue provides an overview of the proposals of the Minister of Commerce.
Part B contains a summary of the proposals of the XRB.
A separate issue of IFRS in Brief summarises the proposals of the Minister of Commerce and those of the XRB for public benefit entities.