Accounting records and documentation requirements

BDO’s IFRS Advisory department has published their most recent CHEAT SHEET publication relating to the need for entities to carefully consider their (legal) compliance with accounting record and documentation requirements.

The objective of the publication is provide a background as to:

  • What “accounting records”, “documentation”, and “audit evidence” are and where the requirements to produce these come from
  • What is driving the current (re)focus on these, and
  • What types of transactions and events typically require additional documentation by entities.

With 31 March 2021 year ends already upon us, and 30 June 2021 year-ends just around the corner, the publication is a timely reminder to entities to make sure that their “house is in order”, whether this be to ensure compliance with legal financial reporting and accounting record keeping requirements, and/or external audit support requirements.

The Cheat Sheet can be accessed here.

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


This publication has been carefully prepared, but is general commentary only. This publication is not legal or financial advice and should not be relied upon as such. The information in this publication is subject to change at any time and therefore we give no assurance or warranty that the information is current when read. The publication cannot be relied upon to cover any specific situation and you should not act, or refrain from acting, upon the information contained therein without obtaining specific professional advice. Please contact the BDO member firms in New Zealand to discuss these matters in the context of your particular circumstances.
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