Keeping fully up to date with the financial and practical implications of changes to accounting standards and practice is a real challenge. It’s a lot to expect from your finance staff. Audit New Zealand has an in-house technical team solely focused on financial reporting developments and their application to the public sector. This extends to team members’ involvement in the shaping and review of accounting standards. They also work closely with the Office of the Auditor-General on the public sector implications of reporting changes.

Model NZ IFRS financial statements for clients

We have prepared model NZ IFRS-compliant financial statements to help you prepare your own publication. These include our council model, Te Motu District Council, and our Council-Controlled Organisation model, Te Motu Regional Economic Development Trust. The model financial statements have been designed to support the sector to produce financial statements under NZ IFRS. The model financial statements are available for download from our website or we’re happy to send you a printed copy.

We have also developed model statements for Central Government and Crown entity clients.

Page last updated: 2 April 2009