• Accounting Alert October 2020

Attention Tier 3 and Tier 4 Public Benefit Entities

The New Zealand Accounting Standards Board (NZASB) is seeking your feedback on the Simple Format Reporting Standards, guidance and templates used by Tier 3 and Tier 4 not-for-profit and public sector entities.

The goal of this post-implementation review is to hear from those applying the Tier 3 and Tier 4 standards about what is working well and what is not working well.

In addition, the NZASB also wants to know if the accompanying application guidance helps you comply with the standards, and if the optional Tier 3 and 4 performance report templates are easy to use and fit for purpose.

The NZASB would like to collect feedback from a wide range of entities as possible across the not-for-profit and public sectors.

The consultation period closed on 31 March 2021 and we would urge you to make submissions to the NZASB n elation to your views your views.

Visit the External Reporting Board for more information on how to access the request for information document and details on how to make a submission.


For more on the above, please contact your local BDO representative.