Spotlight on reporting gives you monthly insights on financial reporting from around the global PwC network and from our specialists in Aotearoa New Zealand.
Mā te whakaatu i ngā kōrero ā mārama mō ngā ripoata pūtea o te ao mai i PwC me a mātau tohunga ki Aotearoa nei e mārama ai koe.
In Brief: IFRS 18 Presentation and Disclosure in Financial Statements
The External Reporting Board (XRB) has issued NZ IFRS 18, the new standard on presentation and disclosure in financial statements, with a focus on updates to the statement of profit or loss. Our In Brief publication provides an overview of key changes and what this means for NZ entities. Our Global ‘In Briefs’ on IFRS 18 also focus on key treasury topics for corporate entities and insights for financial services companies.
In Brief: The importance of reflecting climate change in the financial statements
In the current financial year, climate reporting entities (CREs) are preparing their first mandatory climate-related disclosures (CRD) in compliance with the Aotearoa New Zealand Climate Standards (NZ CS) issued by the External Reporting Board (XRB). Our In Brief publication looks at why reflecting climate change in the financial statements is important right now.
Climate change impact and the NZX50
In this publication we continue our investigation into NZX50 companies and their preparation to adopt the Aotearoa New Zealand Climate Standards (NZ CS). We explore the disclosure of climate-related risks in financial statements and how auditors considered climate-related impacts in key audit matters (KAMs). This report looks at NZX50 December 2023 reporters. Importantly, these reporters were the first to mandatorily prepare their climate-related disclosures (CRD) in compliance with the NZ CS issued by the External Reporting Board (XRB).
Quarterly IFRS update
In this webcast our experts discuss net zero commitments, the importance of quality disclosures, global minimum tax update and new requirements effective in 2024.
In Brief: IASB issues targeted improvements to financial instruments standards
On 30 May 2024, the IASB issued targeted amendments to IFRS 9, ‘Financial Instruments’, and IFRS 7, ‘Financial Instruments: Disclosures’. The amendments include new requirements not only for financial institutions but also for corporate entities. These new requirements will apply from 1 January 2026, with early application permitted.
In Brief: The IASB proposes accounting changes for renewable electricity contracts
The IASB has published an exposure draft proposing narrow-scope amendments to IFRS 9 ‘Financial Instruments’ and IFRS 7 ‘Financial Instruments: Disclosures’ to help entities better reflect the effects of entering into renewable electricity contracts in their financial statements.
IFRS talks about… IFRS 18 and reporting about acquisitions
Our experts are joined by members of the IASB's technical staff for an overview of IFRS 18 and the IASB's latest consultation on proposals aimed at improving reporting about acquisitions.
Illustrative condensed financial statements 2024
Our latest illustrative condensed financial statements for 2024 are out now.
Contact us
If you wish to discuss these or any other GAAP related matters, please contact your usual PwC adviser or one of the following financial reporting specialists:
Ki te hiahia koe ki te kōrero mō ēnei kaupapa, ki ētahi atu kaupapa rānei e pā ana ki te GAAP, tēnā koa waea atu ki to kaitohutohu PwC, tētahi rānei o ngā kaitohutohu pūrongo putea e whai ake nei:
